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The Nature Of Entropy In Socio-Economic Systems

Author

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  • Oksana MYKHAILOVSKA

    (Chernivtsi Trade and Economics Institute of KNTEU, Chernivtsi, Ukraine)

Abstract

This report analyzes the relationship between thermodynamic and information entropy. It is shown that in the case of socio-economic impact of information systems on the organization of social and economic systems is ambiguous.

Suggested Citation

  • Oksana MYKHAILOVSKA, 2014. "The Nature Of Entropy In Socio-Economic Systems," EcoForum, "Stefan cel Mare" University of Suceava, Romania, Faculty of Economics and Public Administration - Economy, Business Administration and Tourism Department., vol. 3(1), pages 1-9, January.
    • Handle: RePEc:scm:ecofrm:v:3:y:2014:i:1:p:9
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    File URL: http://ecoforumjournal.ro/index.php/eco/article/download/57/57
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    References listed on IDEAS

    as
    1. Joseph E. Stiglitz, 1977. "Monopoly, Non-linear Pricing and Imperfect Information: The Insurance Market," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 44(3), pages 407-430.
    2. George A. Akerlof, 1970. "The Market for "Lemons": Quality Uncertainty and the Market Mechanism," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 84(3), pages 488-500.
    3. Armen A. Alchian, 1950. "Uncertainty, Evolution, and Economic Theory," Journal of Political Economy, University of Chicago Press, vol. 58(3), pages 211-211.
    4. Michael Spence, 1973. "Job Market Signaling," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 87(3), pages 355-374.
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    Cited by:

    1. Zhang, Hailiang & Sattar, Muhammad Atif & Wang, Haijun, 2024. "Uncertainty measure: As a proxy for the degree of market imperfection," International Review of Economics & Finance, Elsevier, vol. 89(PB), pages 159-171.

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