Geobiodynamics and Roegenian Economic Systems

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

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Abstract: This mathematical essay brings together ideas from Economics, Geobiodynamics and Thermodynamics. Its purpose is to obtain real models of complex evolutionary systems. More specifically, the essay defines Roegenian Economy and links Geobiodynamics and Roegenian Economy. In this context, we discuss the isomorphism between the concepts and techniques of Thermodynamics and Economics. Then we describe a Roegenian economic system like a Carnot group. After we analyse the phase equilibrium for two heterogeneous economic systems. The European Union Economics appears like Cartesian product of Roegenian economic systems and its Balance is analysed in details. A Section at the end describes the "economic black holes" as small parts of a a global economic system in which national income is so great that it causes others poor enrichment. These ideas can be used to improve our knowledge and understanding of the nature of development and evolution of thermodynamic-economic systems.

Date: 2018-11
New Economics Papers: this item is included in nep-evo and nep-hme
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Persistent link: https://EconPapers.repec.org/RePEc:arx:papers:1812.07961

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