An Economy Viewed as a Far-from-Equilibrium System from the Perspective of Algorithmic Information Theory

An Economy Viewed as a Far-from-Equilibrium System from the Perspective of Algorithmic Information Theory

This paper, using Algorithmic Information Theory (AIT), argues that once energy resources are considered, an economy, like an ecology, requires continuous energy to be sustained in a homeostatic state away from the decayed state of its (local) thermodynamic equilibrium. AIT identifies how economic a...

Full description

Bibliographic Details
Main Author: Sean Devine
Format: Article
Language:English
Published: MDPI AG 2018-03-01
Series:Entropy
Subjects:
emergence
economic complexity
economic order
non-equilibrium economics
energy and economic sustainability
Algorithmic Information Theory
Online Access:http://www.mdpi.com/1099-4300/20/4/228

Internet

http://www.mdpi.com/1099-4300/20/4/228

Similar Items