Re: The entropy paradigm

John Lozier (JLISTS@wvnvm.wvnet.edu)
Mon, 2 Dec 1996 09:56:19 -0500 (EST)

Entropy is the "standard paradigm" in PHYSICS, but not in ECONOMICS.

On 11/26/96 at 13:59:58 WLockeretz@infonet.tufts.edu said:
>John Lozier writes about the "entropy paradigm," in contrast to the "standard
>paradigm," which he says "still rules."

>What is the "standard paradigm," if not notion that entropy (and a principle
>to which it is closely related, the Second Law of Thermodynamics) places
>absolute limits on thermodynamic processes (absolute in the sense that they
>cannot be bypassed by any human intervention whatever)? I call this
>"standard" because entropy has been a bedrock concept in thermodynamics and
>because the Second Law has been unchallenged, uncontested, and
>uncontroversial for well over a century.

>William Lockeretz
>Tufts University
>Medford, Mass.