Entropy Economics: The Living Basis of Value

Entropy Economics: The Living Basis of Value and Production by James K. Galbraith, Jing Chen

• Entropy Economics: The Living Basis of Value and Production
• James K. Galbraith, Jing Chen
• Page: 248
• Format: pdf, ePub, mobi, fb2
• ISBN: 9780226827193
• Publisher: University of Chicago Press

Entropy Economics: The Living Basis of Value and Production

Amazon downloads audio books Entropy Economics: The Living Basis of Value and Production

Economists dream of equilibrium. It’s time to wake up. In mainstream economics, markets are ideal if competition is perfect. When supply balances demand, economic maturity is orderly and disturbed only by shocks. These ideas are rooted in doctrines going back thousands of years yet, as James K. Galbraith and Jing Chen show, they contradict the foundations of our scientific understanding of the physical and biological worlds. Entropy Economics discards the conventions of equilibrium and presents a new basis for thinking about economic issues, one rooted in life processes—an unequal world of unceasing change in which boundaries, plans, and regulations are essential. Galbraith and Chen’s theory of value is based on scarcity, and it accounts for the power of monopoly. Their theory of production covers increasing and decreasing returns, uncertainty, fixed investments over time, and the impact of rising resource costs. Together, their models illuminate key problems such as trade, finance, energy, climate, conflict, and demography. Entropy Economics is a thrilling framework for understanding the world as it is and will be keenly relevant to the economic challenges of a world threatened with disorder.

Entropy Economics
The book Entropy Economics: The Living Basis of Value and Production, James K. Galbraith and Jing Chen is published by University of Chicago Press.
Entropy Economics: The Living Basis of Value and
Entropy Economics discards the conventions of equilibrium and presents a new basis for thinking about economic issues, one rooted in life processes—an unequal 
Entropy Economics: The Living Basis of Value and
Entropy Economics discards the conventions of equilibrium and presents a new basis for thinking about economic issues, one rooted in life processes.
Entropy, the Theory of Value and the Future of Humanity
Entropy Economics, the Living Basis of Value and Production. In brief and intuitively, all biological, mechanical, and social systems must 
Entropy Economics: The Living Basis of Value and
Entropy Economics discards the conventions of equilibrium and presents a new basis for thinking about economic issues, one rooted in life processes--an unequal 
Entropy Economics: The Living Basis of Value and
Entropy Economics discards the conventions of equilibrium and presents a new basis for thinking about economic issues, one rooted in life processes—an unequal 
-- Entropy Economics: The Living Basis of Value and
Entropy Economics: The Living Basis of Value and Production. James K. Galbraith and Jing Chen. University of Chicago Press Hardcover 9780226827193
Entropy Economics: The Living Basis of Value and
Entropy Economics discards the conventions of equilibrium and presents a new basis for thinking about economic issues, one rooted in life processes--an unequal 
Entropy Economics: The Living Basis of Value and
Entropy Economics discards the conventions of equilibrium and presents a new basis for thinking about economic issues, one rooted in life processes—an unequal 
Entropy Economics
Entropy Economics discards the conventions of equilibrium and presents a new basis for thinking about economic issues, one rooted in life processes—an unequal 

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