Entropy and Economics

Martin Pomares Calero

Papers from arXiv.org

Abstract: Entropy is a very useful concept from physics that tries to explain how a system behaves from a point of view of the thermodynamics. However, there are two ways to explain entropy, and it depends on if we are studying a microsystem or a microsystem. From a macroscopically point of view, it is important to describe if the system is a reversible system or not. However, form the microscopically point of view, the concept of chaos is related to entropy. In such case, entropy measures the amount of disorder into the system. Otherwise, the idea of connecting at the same time the analysis of the macro and micro system with the use of entropy it is not very common.

Date: 2024-05
New Economics Papers: this item is included in nep-hme and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://arxiv.org/pdf/2407.00022 Latest version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:arx:papers:2407.00022

Access Statistics for this paper

More papers in Papers from arXiv.org
Bibliographic data for series maintained by arXiv administrators ().