Concepedia

The Entropy Law and the Economic Process

Richard Schlegel, Ralph W. Pfouts, Werner Hochwald, Glenn L. Johnson

Journal of Economic Issues · 1973 · 11 citations · 0 references

Concepts

Natural SciencesEconomicsProbability TheoryStochastic ProcessesThermodynamicsEntropyMarkov ChainsMarkov ProcessesNon-equilibrium ThermodynamicsSecond Law Of ThermodynamicsStatistical ThermodynamicsEconomic BehaviorEntropy In Nonequilibrium ThermodynamicsEntropy In Statistical MechanicsLaws Of ThermodynamicsThermodynamic Entropy