
arXiv: 1812.07959
We recall the similarities between the concepts and techniques of Thermodynamics and Roegenian Economics. The Phase Diagram for a Roegenian economic system highlights a triple point and a critical point, with related explanations. These ideas can be used to improve our knowledge and understanding of the nature of development and evolution of Roegenian economic systems.
10 pages
FOS: Economics and business, Q1-390, Mathematics, Economics, Science (General), Thermodynamics-Economics dictionary, Roegenian economics, Economic triple point, Economic critical point., MSC: 80A99, 91B54, 91B74, 80A99, 91B54, 91B74, Quantitative Finance - General Finance, General Finance (q-fin.GN)
FOS: Economics and business, Q1-390, Mathematics, Economics, Science (General), Thermodynamics-Economics dictionary, Roegenian economics, Economic triple point, Economic critical point., MSC: 80A99, 91B54, 91B74, 80A99, 91B54, 91B74, Quantitative Finance - General Finance, General Finance (q-fin.GN)
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