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Thermodynamics and Economics of Resources

Author

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  • Yuli Radev

    (University of Mining and Geology, Sofia, Bulgaria)

Abstract

Nearly 50 years after the publication Analyti­cal Economics (1966) by N. Georgescu-Roegen discussions about the role of thermodynamics and entropy in economics are continuing. For physicists, the greatest challenge remains the interdependence between thermodynamic laws and human factor. However, more and more economists agree that this theory is a useful tool for microanalysis of natural resources in­volved in economic production.

Suggested Citation

  • Yuli Radev, 2015. "Thermodynamics and Economics of Resources," Ikonomiceski i Sotsialni Alternativi, University of National and World Economy, Sofia, Bulgaria, issue 2, pages 5-15, April.
    • Handle: RePEc:nwe:iisabg:y:2015:i:2:p:5-15
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    File URL: http://www.unwe.bg/uploads/Alternatives/1-Radev.pdf
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    Citations

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    Cited by:

    1. Sciara, Gian-Claudia & Lee, Amy, 2018. "Aligning California's Transportation Funding with Its Climate Policies," Institute of Transportation Studies, Working Paper Series qt9jp6d597, Institute of Transportation Studies, UC Davis.

    More about this item

    Keywords

    economics of resources;

    JEL classification:

    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • Q32 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Exhaustible Resources and Economic Development
    • Q50 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - General

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