Abstract
One of the central ideas in thermodynamics is the concept of entropy which measures the state of disorder of a system. While the importance of the ideas of thermodynamics, including entropy, has for some time been recognised as relevant in economic analysis, there have been few convincing practical applications. There are a number of reasons. We examine one of those reasons here.
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© 1994 Springer Science+Business Media New York
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O’Brien, G.C. (1994). Thermodynamics and Chaos in Economic Prediction. In: Burley, P., Foster, J. (eds) Economics and Thermodynamics. Recent Economic Thought Series, vol 38. Springer, Dordrecht. https://doi.org/10.1007/978-94-015-8269-8_13
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DOI: https://doi.org/10.1007/978-94-015-8269-8_13
Publisher Name: Springer, Dordrecht
Print ISBN: 978-90-481-5796-9
Online ISBN: 978-94-015-8269-8
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