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Temporal and thermodynamic irreversibility in production theory

Publikation: Beiträge in Zeitschriften › Zeitschriftenaufsätze › Forschung › begutachtet

Authors

The two notions of temporal and thermodynamic irreversibility are distinguished. It is shown that the irreversibility concept of Arrow-Debreu, while establishing temporal irreversibility, does not encompass thermodynamic irreversibility. This means, the standard irreversibility concept of production theory is too weak to be in full accordance with the laws of nature.
OriginalspracheEnglisch
ZeitschriftEconomic Theory
Jahrgang26
Ausgabenummer3
Seiten (von - bis)725-728
Anzahl der Seiten4
ISSN0938-2259
DOIs
PublikationsstatusErschienen - 01.10.2005
Extern publiziertJa

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