- Tytuł:
- Global Thermoeconomics
- Autorzy:
-
Cardullo, Mario W.
Liu, Manhong Mannie - Powiązania:
- https://bibliotekanauki.pl/articles/565709.pdf
- Data publikacji:
- 2017
- Wydawca:
- Uniwersytet Warszawski. Wydawnictwo Naukowe Wydziału Zarządzania
- Tematy:
-
Thermodynamics
Labor Theory of Value
Labor Value Equation
Global Reserve
Currency
Financial Stability
Employment
Asset Valuation
Productivity - Opis:
- This paper illustrates that basic global economic concepts can be directly related to the First and Second Laws of Thermodynamics. We believe that all economic returns are from nothing except from current and past human expenditure of human energy; this is the result of the First Law of Thermodynamics. It is shown that everything is a product of energy in the form of labor and that the basic principle of Labor Theory of Value is still valid and this principle is validated not relying on economics and fi nance models, rather on thermodynamic principles. This is illustrated by the development of the Labor Value Equation based on the application of the First and Second Law of Thermodynamics and how it can impact employment, asset valuation, supply/demand, productivity, global confl ict, global reserve currency and global stability
- Źródło:
-
Journal of Banking and Financial Economics; 2017, 1(7); 70-89
2353-6845 - Pojawia się w:
- Journal of Banking and Financial Economics
- Dostawca treści:
- Biblioteka Nauki
Artykuł