Talk:Thermoeconomics
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[edit] Possible merge: Biophysical economics to Thermoeconomics?
It might be reasonable to merge biophysical economics into thermoeconomics in that “biophysical economics” may be a subset of general “thermoeconomics” based on the following notes:
- (taken from the 25 May 2006 version of Biophysical economics):
Although work has been done which supports some of the basic hypotheses of biophysical economics, no overarching text book is yet to appear. Researchers in the field are therefore eagerly awaiting the publication of a new book by Charles A.S. Hall and economist Kent Klitgaard called Biophysical economics: a basic textbook in economics for the second half of the age of oil. It should be ready early 2007.
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- This contrasts with thermoeconomics which has numerous books published.
Second, according to the following article, they seem approximately to be the same subject:
- Cleveland, Cutler J. 1999. Biophysical Economics - from Physiocracy to Ecological Economics and Industrial Ecology. In Bioeconomics and Sustainability: Essays in Honour of Nicholas Gerogescu-Roegen, J. Gowdy and K. Mayumi, Eds. (Edward Elgar Publishing, Cheltenham, England), pp. 125-154.
Please comment if you have an opinion. Thanks: --Sadi Carnot 14:33, 8 September 2006 (UTC)
I really like the idea on applying thermodynamic knowledge on economics and adapting economical models [1]. Alas, neither thermoeconomics nor ecophysics sounds suitable for my German ears. As thermodynamics talks about the process of heat transfer, energy forms and a system's ability to perform work, I'd prefer the term economical dynamics (or shorter ecodynamics) to describe the processes of money flow, trade, and production to analyse the substitution potential of production factors. --Gunnar.Kaestle 15:10, 4 January 2007 (UTC)
[edit] Accuracy question
The intro seems to be saying that there are two definitions:
- One: Study of real thermal energy in the economy
- Two: Combination of real thermal and economic concerns in industrial design.
Later in the article, a third meaning is described: the application of the mathematics of thermodynamic theory to economics, not necessarily involving economic activity that has anything to do with real thermal energy. Is this merely a better version of the first definition, or are there really three meanings to the term? -- Beland 17:34, 14 September 2006 (UTC)
- I really don't know why you would have to go so far as to question "factual accuracy"? I sourced five historical books, three founding figures in this field, one new author view, and added two external link articles, as well as added data concerning its use in engineering plant design textbooks. Subsequently, you might mention that the article is confusing or needs more clarification, etc., but why question factual accuracy, it's such a derogatory term every so subtly directed at the person who started the article. Certainly the article needs work, and I am no expert in this field; so the idea is, I got the article going and we all now help to build and clean it. I will know go to source and clarify the article further. I hope this helps. Thanks: --Sadi Carnot 13:35, 15 September 2006 (UTC)
