The Law of Entropy – the Most Economical of All Natural Laws. Current Manifestations of World Economics

Niţă Dobrotă and Adrian Vieriţă
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Niţă Dobrotă: Bucharest Academy of Economic Studies
Adrian Vieriţă: Bucharest Academy of Economic Studies

Theoretical and Applied Economics, 2010, vol. 5(546), issue 5(546), 81-98

Abstract: The last three centuries have witnessed a specific social evolution, one much more dynamical than those of the previous era. The general vector of this dynamics is represented by the progress in technology and science that had taken place in all arrays of social action, a phenomenon largely manifested throughout Western European countries and North America. It is against this general setup that the world saw the formation and development of both European national communities and of the capitalist market economies, two of the historical causes that lead to the fall of the feudal social and economical system.

Keywords: economic law; entropy; economic growth; social evolution; technological and scientific progress; market economy. (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:agr:journl:v:4(545):y:2010:i:5(546):p:81-98

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