GEOBIODYNAMICS AND ROEGEN TYPE ECONOMY

C. Udriste (Romania), M. Ferrara (Italy), D. Zugravescu (Romania) and F. Munteanu (Romania)

Received December 27, 2007

Abstract

Our paper joins ideas from economics, geobiodynamics and thermodynamics in order to obtain true models for complex evolution systems. Section 1 presents a connection between geobiodynamics and the Roegen type economy. Section 2 discusses the applicability of concepts and techniques of thermodynamics in economics and viceversa via an isomorphism. Section 3 shows that the economy of European Union Economy is far from mathematical equilibrium. Section 4 describes some economic black holes as small parts of a global economic system in which the national income is so powerful. We use these ideas to improve our understanding of the nature of thermodynamic-economic development and evolution.

Keywords and phrases: Roegen economy, thermodynamics-economics dictionary, economic black holes, economic equilibrium.