Thermoeconomics, also referred to as Bioeconomics or Biophysical Economics, is a school of heterodox economics that applies the laws of statistical mechanics to economic theory. Thermoeconomics is considered the statistical physics of economic value and is one subfield of econophysics, extenuating to Ecological Economics.
Thermoeconomics, also referred to as Bioeconomics or Biophysical Economics, is a school of heterodox economics that applies the laws of statistical mechanics to economic theory. Thermoeconomics is considered the statistical physics of economic value and is one subfield of econophysics, extenuating to Ecological Economics.
Source: Wikipedia "Thermoeconomics" · CC BY-SA 4.0
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