Entropy & Heterodox economics - Unionpedia, the concept map

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Difference between Entropy and Heterodox economics

Entropy vs. Heterodox economics

Entropy is a scientific concept that is most commonly associated with a state of disorder, randomness, or uncertainty. Heterodox economics is any economic thought or theory that contrasts with orthodox schools of economic thought, or that may be beyond neoclassical economics.

A priori and a posteriori

A priori ('from the earlier') and a posteriori ('from the later') are Latin phrases used in philosophy to distinguish types of knowledge, justification, or argument by their reliance on experience.

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Ecological economics

Ecological economics, bioeconomics, ecolonomy, eco-economics, or ecol-econ is both a transdisciplinary and an interdisciplinary field of academic research addressing the interdependence and coevolution of human economies and natural ecosystems, both intertemporally and spatially.

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Economics

Economics is a social science that studies the production, distribution, and consumption of goods and services.

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Evolution

Evolution is the change in the heritable characteristics of biological populations over successive generations.

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Herman Daly

Herman Edward Daly (July 21, 1938 – October 28, 2022) was an American ecological and Georgist economist and professor at the School of Public Policy of University of Maryland, College Park in the United States, best known for his time as a senior economist at the World Bank from 1988 to 1994.

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Nicholas Georgescu-Roegen

Nicholas Georgescu-Roegen (born Nicolae Georgescu, 4 February 1906 – 30 October 1994) was a Romanian mathematician, statistician and economist.

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Second law of thermodynamics

The second law of thermodynamics is a physical law based on universal empirical observation concerning heat and energy interconversions.

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Thermoeconomics

Thermoeconomics, also referred to as biophysical economics, is a school of heterodox economics that applies the laws of statistical mechanics to economic theory.

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