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.

Full Text:

PDF


DOI: https://doi.org/10.1478/AAPP.971A3

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

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.