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The Unity of Science and Economics: A New Foundation of Economic Theory
Jing Chen
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Description for The Unity of Science and Economics: A New Foundation of Economic Theory
hardcover. Series: SpringerBriefs in Energy. Num Pages: 152 pages, 5 colour tables, biography. BIC Classification: JHBC; KCA; KCN; PHH; RNU; THRB. Category: (P) Professional & Vocational. Dimension: 235 x 155 x 11. Weight in Grams: 397.
This book presents a new economic theory developed from physical and biological principles. It explains how technology, social systems and economic values are intimately related to resources. Many people have recognized that mainstream (neoclassical) economic theories are not consistent with physical laws and often not consistent with empirical patterns, but most feel that economic activities are too complex to be described by a simple and coherent mathematical theory. While social systems are indeed complex, all life systems, including social systems, satisfy two principles. First, all systems need to extract resources from the external environment to compensate for their consumption. Second, ... Read more
This book presents a new economic theory developed from physical and biological principles. It explains how technology, social systems and economic values are intimately related to resources. Many people have recognized that mainstream (neoclassical) economic theories are not consistent with physical laws and often not consistent with empirical patterns, but most feel that economic activities are too complex to be described by a simple and coherent mathematical theory. While social systems are indeed complex, all life systems, including social systems, satisfy two principles. First, all systems need to extract resources from the external environment to compensate for their consumption. Second, ... Read more
Product Details
Format
Hardback
Publication date
2015
Publisher
Springer/Sci-Tech/Trade United States
Number of pages
152
Condition
New
Series
SpringerBriefs in Energy
Number of Pages
136
Place of Publication
New York, United States
ISBN
9781493934645
SKU
V9781493934645
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
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