Phase diagram for Roegenian economics

Constantin Udriste, Massimiliano Ferrara, Ionel Tevy, Dorel Zugravescu, Florin Munteanu

Abstract


Firstly, this paper recall that the Roegenian Economics is created from a Thermodynamics-Economics dialog, transferring information via a specific dictionary. We have structured the explanations in an adapted dictionary, thermodynamics differential laws, economics differential laws, and integral manifolds of Gibbs-Pfaff economic equation. Secondly, we introduce and discuss the phase diagram for a Roegenian economic system highlighting a triple point and a critical point, with related explanations. These ideas can be used to improve knowledge and understanding of the nature of development and evolution of Roegenian economic systems.

Keywords


Thermodynamics-Economics dictionary, Roegenian economics, Economic triple point, Economic critical point.

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DOI: http://dx.doi.org/10.1478/AAPP.971A3

Copyright (c) 2019 Constantin Udriste, Massimiliano Ferrara, Ionel Tevy, Dorel Zugravescu, Florin Munteanu

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