2018/11/06 by Udriste, Constantin, Ferrara, Massimiliano, Tevy, Ionel +2
#80A99 #91B54 #91B74 #FOS: Economics and business #General Finance (q-fin.GN)
paper · doi:10.48550/arxiv.1812.07959
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.