Temporal and thermodynamic irreversibility in production theory

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Temporal and thermodynamic irreversibility in production theory. / Baumgärtner, Stefan.
in: Economic Theory, Jahrgang 26, Nr. 3, 01.10.2005, S. 725-728.

Publikation: Beiträge in ZeitschriftenZeitschriftenaufsätzeForschungbegutachtet

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Baumgärtner S. Temporal and thermodynamic irreversibility in production theory. Economic Theory. 2005 Okt 1;26(3):725-728. doi: 10.1007/s00199-004-0525-1

Bibtex

@article{3bb1093024c042b9a7d75c5ee9fc862f,
title = "Temporal and thermodynamic irreversibility in production theory",
abstract = "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.",
keywords = "Sustainability sciences, Management & Economics, irreversibility, production, thermodynamics, Economics, irreversibility, production, thermodynamics",
author = "Stefan Baumg{\"a}rtner",
year = "2005",
month = oct,
day = "1",
doi = "10.1007/s00199-004-0525-1",
language = "English",
volume = "26",
pages = "725--728",
journal = "Economic Theory",
issn = "0938-2259",
publisher = "Springer",
number = "3",

}

RIS

TY - JOUR

T1 - Temporal and thermodynamic irreversibility in production theory

AU - Baumgärtner, Stefan

PY - 2005/10/1

Y1 - 2005/10/1

N2 - 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.

AB - 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.

KW - Sustainability sciences, Management & Economics

KW - irreversibility

KW - production

KW - thermodynamics

KW - Economics

KW - irreversibility

KW - production

KW - thermodynamics

UR - http://www.scopus.com/inward/record.url?scp=22044458295&partnerID=8YFLogxK

UR - https://www.mendeley.com/catalogue/18a980bc-7dc6-3901-8063-6ab7496d9663/

U2 - 10.1007/s00199-004-0525-1

DO - 10.1007/s00199-004-0525-1

M3 - Journal articles

VL - 26

SP - 725

EP - 728

JO - Economic Theory

JF - Economic Theory

SN - 0938-2259

IS - 3

ER -

DOI