Articles liés à Entropy Economics: The Living Basis of Value and Production
Synopsis
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.
Les informations fournies dans la section « Synopsis » peuvent faire référence à une autre édition de ce titre.
À propos des auteurs
James K. Galbraith is professor at the University of Texas at Austin.
Jing Chen is assistant professor at the University of Northern British Columbia.
Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.
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Entropy Economics: The Living Basis of Value and Production
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Entropy Economics: The Living Basis of Value and Production
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ISBN 13 : 9780226827193
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Entropy Economics
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Entropy Economics
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University of Chicago Press, 2025
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ISBN 13 : 9780226827193
Neuf
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Entropy Economics
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ISBN 13 : 9780226827193
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Hardback. Etat : New. 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. N° de réf. du vendeur LU-9780226827193
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Entropy Economics
Edité par
The University of Chicago Press, US, 2025
ISBN 10 : 0226827194
ISBN 13 : 9780226827193
Neuf
Couverture rigide
Vendeur : Rarewaves.com USA, London, LONDO, Royaume-Uni
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Hardback. Etat : New. 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. N° de réf. du vendeur LU-9780226827193
Quantité disponible : 6 disponible(s)
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Entropy Economics: The Living Basis of Value and Production
Edité par
University of Chicago Press, 2025
ISBN 10 : 0226827194
ISBN 13 : 9780226827193
Neuf
Couverture rigide
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Entropy Economics: The Living Basis of Value and Production
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The University of Chicago Press, 2025
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ISBN 13 : 9780226827193
Neuf
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Entropy Economics The Living Basis of Value and Production
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ISBN 13 : 9780226827193
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Entropy Economics: The Living Basis of Value and Production
Edité par
University of Chicago Press, 2025
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ISBN 13 : 9780226827193
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