Historicity, Entropy and No Linearity
Alain Herscovici ()
Brazilian Journal of Political Economy, 2005, vol. 25, issue 3, 277-294
Abstract:
The objective of this paper is to definite Historicity in Economic Sciences applying the principles of Entropy and methodological indeterminism. This implies the definition of two kinds of economic universes: one characterized by ergodicity and reversibility of Time and processes and the other by the opposite properties. The first part will deal with the construction of the subject of study and the nature of the proper analysis to these two universes. Taking such dichotomy into account, the second part will examine its implications as regards to the nature of equilibrium, the properties of stability and instability and the closure of the systems. JEL Classification: B4.
Keywords: Historicity; Dissipative Structures; Entropy; Irreversibility (search for similar items in EconPapers)
Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:ekm:repojs:v:25:y:2005:i:3:p:277-294:id:643
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