7266331Entropy Economicshttps://www.gandhi.com.mx/entropy-economics-9780226837840/phttps://gandhi.vtexassets.com/arquivos/ids/6817286/image.jpg?v=638738179259130000517718MXNUniversity of Chicago PressInStock/Ebooks/Economists dream of equilibrium. Its time to wake up.In mainstream economics, markets are ideal if competition is perfect. When supply balances demand, economic maturity is orderly and disturbed only by shocks. These ideas are rooted in doctrines going back thousands of years yet, as James K. Galbraith and Jing Chen show, they contradict the foundations of our scientific understanding of the physical and biological worlds.Entropy Economics discards the conventions of equilibrium and presents a new basis for thinking about economic issues, one rooted in life processesan unequal world of unceasing change in which boundaries, plans, and regulations are essential. Galbraith and Chens theory of value is based on scarcity, and it accounts for the power of monopoly. Their theory of production covers increasing and decreasing returns, uncertainty, fixed investments over time, and the impact of rising resource costs. Together, their models illuminate key problems such as trade, finance, energy, climate, conflict, and demography.Entropy Economics is a thrilling framework for understanding the world as it is and will be keenly relevant to the economic challenges of a world threatened with disorder....6906912Entropy Economics517718https://www.gandhi.com.mx/entropy-economics-9780226837840/phttps://gandhi.vtexassets.com/arquivos/ids/6817286/image.jpg?v=638738179259130000InStockMXN99999DIEbook20259780226837840_W3siaWQiOiJmMWY3ZTA3YS1hZThhLTQwMzYtYmI2MC05NGFlNzEzNzQwNzUiLCJsaXN0UHJpY2UiOjY5OSwiZGlzY291bnQiOjE5NSwic2VsbGluZ1ByaWNlIjo1MDQsImluY2x1ZGVzVGF4Ijp0cnVlLCJwcmljZVR5cGUiOiJXaG9sZXNhbGUiLCJjdXJyZW5jeSI6Ik1YTiIsImZyb20iOiIyMDI1LTAxLTE2VDEwOjAwOjAwWiIsInJlZ2lvbiI6Ik1YIiwiaXNQcmVvcmRlciI6ZmFsc2V9XQ==9780226837840_Economists dream of equilibrium. Its time to wake up.In mainstream economics, markets are ideal if competition is perfect. When supply balances demand, economic maturity is orderly and disturbed only by shocks. These ideas are rooted in doctrines going back thousands of years yet, as James K. Galbraith and Jing Chen show, they contradict the foundations of our scientific understanding of the physical and biological worlds.Entropy Economics discards the conventions of equilibrium and presents a new basis for thinking about economic issues, one rooted in life processesan unequal world of unceasing change in which boundaries, plans, and regulations are essential. Galbraith and Chens theory of value is based on scarcity, and it accounts for the power of monopoly. Their theory of production covers increasing and decreasing returns, uncertainty, fixed investments over time, and the impact of rising resource costs. Together, their models illuminate key problems such as trade, finance, energy, climate, conflict, and demography.Entropy Economics is a thrilling framework for understanding the world as it is and will be keenly relevant to the economic challenges of a world threatened with disorder....9780226837840_University of Chicago Presslibro_electonico_9780226837840_9780226837840Jing ChenInglésMéxicohttps://getbook.kobo.com/koboid-prod-public/uofchicagopress-epub-0ea50a50-3504-4561-8745-f3c73f9c2bb6.epub2025-01-16T00:00:00+00:00University of Chicago Press