The Physical Foundation of Economics:An Analytical Thermodynamic Theory

Jing Chen ()

in World Scientific Books from World Scientific Publishing Co. Pte. Ltd.

Abstract: All human activities, including mental activities, are governed by physical laws and are essentially thermodynamic processes. However, current economic theories are not established on these foundations. This pioneering book seeks to develop an analytical theory of economics on the foundation of thermodynamic laws. A unified understanding of economic and social phenomena is presented, an understanding that is much simpler than what mainstream economic theory has to offer. Its aim is to revolutionize thinking in economics and transform social sciences into an integral part of the physical and biological sciences.

Keywords: Physical Foundation; Economics; Analytical Theory; Entropy; Value; Information; Production and Competition; Human Mind; Resource; Trade (search for similar items in EconPapers)
JEL-codes: A1 Q0 (search for similar items in EconPapers)
Date: 2005
ISBN: 9789812563231
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Citations: View citations in EconPapers (10)

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https://www.worldscientific.com/worldscibooks/10.1142/5819 (text/html)
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Chapters in this book:

Ch 1 The Entropy Theory of Human Mind , pp 1-15

Jing Chen

Ch 2 The Entropy Theory of Value , pp 16-31

Jing Chen

Ch 3 Production and Competition: An Analytical Thermodynamic Theory , pp 32-51

Jing Chen

Ch 4 Natural Resources, Technology and Institutions: A Historical Perspective , pp 52-72

Jing Chen

Ch 5 Migration, Trade, Education and Fertility: A Spatial Perspective , pp 73-94

Jing Chen

Ch 6 From Modern Astronomy to Modern Finance: A New Theory of Finance , pp 95-115

Jing Chen

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