Phase Diagram for Roegenian Economics

Constantin Udriste, Massimiliano Ferrara, Ionel Tevy, Dorel Zugravescu and Florin Munteanu

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Abstract: We recall the similarities between the concepts and techniques of Thermodynamics and Roegenian Economics. The Phase Diagram for a Roegenian economic system highlights a triple point and a critical point, with related explanations. These ideas can be used to improve our knowledge and understanding of the nature of development and evolution of Roegenian economic systems.

Date: 2018-11
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