Phase diagram for Roegenian economics

Authors

  • Constantin Udriste University Politehnica of Bucharest, Faculty of Applied Sciences, Bucharest
  • Massimiliano Ferrara Università degli Studi Mediterranea di Reggio Calabria
  • Ionel Tevy University Politehnica of Bucharest, Faculty of Applied Sciences, Bucharest
  • Dorel Zugravescu Institute of Geodynamics "Sabba S. Stefanescu", Bucharest
  • Florin Munteanu Institute of Geodynamics "Sabba S. Stefanescu", Bucharest

DOI:

https://doi.org/10.1478/AAPP.971A3

Keywords:

Thermodynamics-Economics dictionary, Roegenian economics, Economic triple point, Economic critical point.

Abstract

Firstly, this paper recall that the Roegenian Economics is created from a Thermodynamics-Economics dialog, transferring information via a specific dictionary. We have structured the explanations in an adapted dictionary, thermodynamics differential laws, economics differential laws, and integral manifolds of Gibbs-Pfaff economic equation. Secondly, we introduce and discuss the phase diagram for a Roegenian economic system highlighting a triple point and a critical point, with related explanations. These ideas can be used to improve knowledge and understanding of the nature of development and evolution of Roegenian economic systems.

Author Biographies

  • Constantin Udriste, University Politehnica of Bucharest, Faculty of Applied Sciences, Bucharest
    Department of Mathematics-Informatics, Prof. Emeritus Dr.
  • Massimiliano Ferrara, Università degli Studi Mediterranea di Reggio Calabria
    Decisions LAB, Prof. Dr.
  • Ionel Tevy, University Politehnica of Bucharest, Faculty of Applied Sciences, Bucharest
    Department of Mathematics-Informatics, Prof. Dr.
  • Dorel Zugravescu, Institute of Geodynamics "Sabba S. Stefanescu", Bucharest
    Acad. Dr.
  • Florin Munteanu, Institute of Geodynamics "Sabba S. Stefanescu", Bucharest
    Associate Prof. Dr.

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Published

2019-04-25

Issue

Vol. 97 No. 1 (2019)

Section

Articles

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