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IWETHEY Home / IWETHEY Board / Money, Financials, and Economics Forum / Adiabatic Change - Economics as Thermodynamics
Post #48,274
by deSitter
Picture of deSitter
8/5/02 9:35:56 PM
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New Adiabatic Change - Economics as Thermodynamics
Just a nutball idea I had. So what is economic entropy? Free markets. The heat death is bartering on the nearest dusty corner.
-drl
Post #48,330
by ben_tilly
8/6/02 6:56:02 AM
Reply
New The heat-death of economics...
to my mind would be the point where the transaction overhead of keeping track of ownership exceeds the economic benefit of the same.

My belief is that this happens a lot with copyrights, see open source for details. :-)

Cheers,
Ben
"Perl is like vice grips. You can do anything with it, and it's the wrong tool for every job."
--Unknown
     Print some fricken money!!! - (tablizer) - (21) - Aug. 1, 2002, 11:36:57 PM EDT
         Whoa whoa whoa, hold on that Tex! - (orion) - (12) - Aug. 2, 2002, 01:56:37 AM EDT
             Not 0 versus a million - (tablizer) - (11) - Aug. 3, 2002, 11:27:41 PM EDT
                 You still have to pay for it - (orion) - (10) - Aug. 4, 2002, 12:39:54 AM EDT
                     Macroeconomics, monetary, and fiscal policy - (kmself) - (9) - Aug. 6, 2002, 02:54:04 AM EDT
                         Micronit. - (Another Scott) - (3) - Aug. 4, 2002, 10:31:51 AM EDT
                             "School" - (kmself) - (2) - Aug. 5, 2002, 05:54:25 AM EDT
                                 Perhaps I should explain. - (Another Scott) - (1) - Aug. 5, 2002, 08:47:00 AM EDT
                                     There's no use explaining - (kmself) - Aug. 6, 2002, 02:56:40 AM EDT
                         Looking at the 1930's - (tablizer) - Aug. 4, 2002, 02:53:45 PM EDT
                         Trouble with fiscal policy - (wharris2) - (3) - Aug. 5, 2002, 12:27:06 PM EDT
                             rainy-day fund - (tablizer) - (2) - Aug. 5, 2002, 06:41:36 PM EDT
                                 Re: rainy-day fund - (wharris2) - (1) - Aug. 5, 2002, 08:57:18 PM EDT
                                     Pork - (tablizer) - Aug. 6, 2002, 03:38:56 PM EDT
         basic economic facts - (boxley) - (2) - Aug. 5, 2002, 02:05:33 PM EDT
             re: cigarette example - (tablizer) - Aug. 5, 2002, 06:46:25 PM EDT
             Wrong problem -- control point, not wealth itself - (kmself) - Aug. 6, 2002, 03:09:49 AM EDT
         Printing money is just another accounting trick. - (marlowe) - (4) - Aug. 5, 2002, 02:41:02 PM EDT
             *All* Finance Capitalism is accounting tricks. -NT - (deSitter) - Aug. 5, 2002, 07:14:15 PM EDT
             This trick happens to matter though - (ben_tilly) - (2) - Aug. 5, 2002, 09:11:42 PM EDT
                 Adiabatic Change - Economics as Thermodynamics - (deSitter) - (1) - Aug. 5, 2002, 09:35:56 PM EDT
                     The heat-death of economics... - (ben_tilly) - Aug. 6, 2002, 06:56:02 AM EDT

Man, what a sad thing to be known for...
74 ms