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Geobiodynamics and Roegenian Economic Systems

Author

Listed:
  • Constantin Udriste
  • Massimiliano Ferrara
  • Dorel Zugravescu
  • Florin Munteanu
  • Ionel Tevy

Abstract

This mathematical essay brings together ideas from Economics, Geobiodynamics and Thermodynamics. Its purpose is to obtain real models of complex evolutionary systems. More specifically, the essay defines Roegenian Economy and links Geobiodynamics and Roegenian Economy. In this context, we discuss the isomorphism between the concepts and techniques of Thermodynamics and Economics. Then we describe a Roegenian economic system like a Carnot group. After we analyse the phase equilibrium for two heterogeneous economic systems. The European Union Economics appears like Cartesian product of Roegenian economic systems and its Balance is analysed in details. A Section at the end describes the "economic black holes" as small parts of a a global economic system in which national income is so great that it causes others poor enrichment. These ideas can be used to improve our knowledge and understanding of the nature of development and evolution of thermodynamic-economic systems.

Suggested Citation

  • Constantin Udriste & Massimiliano Ferrara & Dorel Zugravescu & Florin Munteanu & Ionel Tevy, 2018. "Geobiodynamics and Roegenian Economic Systems," Papers 1812.07961, arXiv.org.
    • Handle: RePEc:arx:papers:1812.07961
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    References listed on IDEAS

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    1. C. Udrişte & M. Ferrara & D. Zugrăvescu & F. Munteanu, 2012. "Controllability of a Nonholonomic Macroeconomic System," Journal of Optimization Theory and Applications, Springer, vol. 154(3), pages 1036-1054, September.
    2. Walter Isard & Merton J. Peck, 1954. "Location Theory and International and Interregional Trade Theory," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 68(1), pages 97-114.
    3. Alan V. Deardorff, 2011. "Determinants of Bilateral Trade: Does Gravity Work in a Neoclassical World?," World Scientific Book Chapters, in: Robert M Stern (ed.), Comparative Advantage, Growth, And The Gains From Trade And Globalization A Festschrift in Honor of Alan V Deardorff, chapter 24, pages 267-293, World Scientific Publishing Co. Pte. Ltd..
    4. Trond Andresen, 1994. "Economic Black Holes- The Dynamics And Consequences Of Accumulation," Papers deposited by Authors _017, Post-Keynesian Archive.
    5. Timothy M. Lenton, 1998. "Gaia and natural selection," Nature, Nature, vol. 394(6692), pages 439-447, July.
    6. Walter Isard, 1954. "Location Theory and Trade Theory: Short-Run Analysis," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 68(2), pages 305-320.
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