Papers on "The Law of Thermodynamic Economics" and similar term paper topics

Paper #100334 :: The Law of Thermodynamic Economics
Buy and instantly download this paper now

An analysis of the relationship between thermodynamics and neo-classical economics.

Written in 2007; 1,146 words; 5 sources; MLA; $ 39.95

Paper Summary:

This paper discusses unsustainable consumption patterns and the laws of thermodynamics. It discusses the relationship between thermodynamics and the study of neo-classical economics and free-market society and its importance in the current economic model. Finally, the paper examines why ecological economics is antithetical to neo-classical economists and free market advocates and then discusses the need for further research on the topic.

Table of Contents:
Overview
Thermodynamics in Economics
Current Importance
Objections
Further Research

From the Paper:

"The first law of thermodynamics is the law of conservation and this law is critical in the establishment of sustainable consumption patterns within a free-market economy that rejects all forms of constraints (Lawn pars.2-5). Although this law states that energy cannot be destroyed or created it illustrates that materials that result in energy can be depleted through transformation processes that result in forms of energy that cannot be harvested in an economic sense. Entropy is essentially the second law of thermodynamics and as such is central to thermodynamics as it is applied to ecological economics. Entropy is the concept in ecological economics that describes the state of potential energy as being less than the initial energy contained within an item or unit (Finch & McMaster 135). It describes the necessity of continually introducing new energy into economic activity to produce ever greater results or outcomes at the risk of economic shutdown."

Keywords: sustainability free market ecology bioeconomics

More papers on "The Law of Thermodynamic Economics"

1. Paper #090180 :: Economic Thermodynamics ( 1,350 words; 4 sources; )
2. Paper #094463 :: Zipf's Law and Benford's Law ( 1,279 words; 4 sources; MLA )
3. Paper #069843 :: American Law and Jewish Law ( 2,300 words; 10 sources; APA )
4. Paper #064822 :: Case Law and Statute Law ( 834 words; 2 sources; MLA )
5. Paper #001484 :: Competency to Stand Trial in American Law and New York Law ( 2,235 words; 14 sources; )

About AcaDemon

We have thousands of high-quality term papers, research papers, essays, book reports and dissertations on every topic. At AcaDemon, you can download those term papers to help you write yours! You can be sure that the term paper, essay, book report or research paper, you download are top-quality, competitively priced and high-level work.

Look for more research papers, essays and book reports on The Law of Thermodynamic Economics

This Free Term Paper Abstract is a part of our Term Paper Library. Here you can purchase research papers, examples of essays, academic dissertations, articles, notes, analytical papers, book reports, stories and poems. We have thousands of persuasive, point-of-view, narrative, critical, compare and contrast and other types of essays in our Library. You can also find here Term papers on "The Law of Thermodynamic Economics", Essays on "The Law of Thermodynamic Economics", Research papers on "The Law of Thermodynamic Economics", Student papers on "The Law of Thermodynamic Economics", Book reports on "The Law of Thermodynamic Economics", Dissertation on "The Law of Thermodynamic Economics", Thesis on "The Law of Thermodynamic Economics", Summary of paper on "The Law of Thermodynamic Economics", Articles written on "The Law of Thermodynamic Economics".