國立虎尾科技大學 |

The unity of science and economics = a new foundation of economic theory /

紀錄類型:	書目-語言資料,印刷品 : Monograph/item
正題名/作者:	The unity of science and economics/ by Jing Chen.
其他題名:	a new foundation of economic theory /
作者:	Chen, Jing.
出版者:	New York, NY :Springer New York : : 2016.,
面頁冊數:	xvi, 136 p. :ill., digital ; : 24 cm.;
Contained By:	Springer eBooks
標題:	Economics - Philosophy. -
電子資源:	http://dx.doi.org/10.1007/978-1-4939-3466-9
ISBN:	9781493934669

The unity of science and economics = a new foundation of economic theory /
Chen, Jing.

The unity of science and economicsa new foundation of economic theory /[electronic resource] :by Jing Chen. - New York, NY :Springer New York :2016. - xvi, 136 p. :ill., digital ;24 cm.

Major Factors in Biological and Social Systems -- Resource and Technology -- Production: A Mathematical Theory -- Languages and Cultures: An Economic Analysis -- The Entropy Theory of Mind -- The Entropy Theory of Value: A Mathematical Theory -- Epilogue: Pioneer Species and Climax Species.

This book presents a new economic theory developed from physical and biological principles. It explains how technology, social systems and economic values are intimately related to resources. Many people have recognized that mainstream (neoclassical) economic theories are not consistent with physical laws and often not consistent with empirical patterns, but most feel that economic activities are too complex to be described by a simple and coherent mathematical theory. While social systems are indeed complex, all life systems, including social systems, satisfy two principles. First, all systems need to extract resources from the external environment to compensate for their consumption. Second, for a system to be viable, the amount of resource extraction has to be no less than the level of consumption. From these two principles, we derive a quantitative theory of major factors in economic activities, such as fixed cost, variable cost, discount rate, uncertainty and duration. The mathematical theory enables us to systematically measure the effectiveness of different policies and institutional structures at varying levels of resource abundance and cost. The theory presented in this book shows that there do not exist universally optimal policies or institutional structures. Instead, the impacts of different policies or social structures have to be measured within the context of existing levels of resource abundance. As the physical costs of extracting resources rise steadily, many policy assumptions adopted in mainstream economic theories, and workable in times of cheap and abundant energy supplies and other resources, need to be reconsidered. In this rapidly changing world, the theory presented here provides a solid foundation for examining the long-term impacts of today's policy decisions.

ISBN: 9781493934669

Standard No.: 10.1007/978-1-4939-3466-9doiSubjects--Topical Terms:

561294
Economics
--Philosophy.

LC Class. No.: HB72

Dewey Class. No.: 330.01

The unity of science and economics = a new foundation of economic theory /
LDR:03085nam a2200325 a 4500 001 861135
003 DE-He213
005 20160729164430.0
006 m d
007 cr nn 008maaau
008 170720s2016 nyu s 0 eng d
020 $a 9781493934669 $q (electronic bk.)
020 $a 9781493934645 $q (paper)
024 7 $a 10.1007/978-1-4939-3466-9 $2 doi
035 $a 978-1-4939-3466-9
040 $a GP $c GP
041 0 $a eng
050 4 $a HB72
072 7 $a JHBC $2 bicssc
072 7 $a PSAF $2 bicssc
072 7 $a SCI064000 $2 bisacsh
082 0 4 $a 330.01 $2 23
090 $a HB72 $b .C518 2016
100 1 $a Chen, Jing. $3 894806
245 1 4 $a The unity of science and economics $h [electronic resource] : $b a new foundation of economic theory / $c by Jing Chen.
260 $a New York, NY : $b Springer New York : $b Imprint: Springer, $c 2016.
300 $a xvi, 136 p. : $b ill., digital ; $c 24 cm.
505 0 $a Major Factors in Biological and Social Systems -- Resource and Technology -- Production: A Mathematical Theory -- Languages and Cultures: An Economic Analysis -- The Entropy Theory of Mind -- The Entropy Theory of Value: A Mathematical Theory -- Epilogue: Pioneer Species and Climax Species.
520 $a This book presents a new economic theory developed from physical and biological principles. It explains how technology, social systems and economic values are intimately related to resources. Many people have recognized that mainstream (neoclassical) economic theories are not consistent with physical laws and often not consistent with empirical patterns, but most feel that economic activities are too complex to be described by a simple and coherent mathematical theory. While social systems are indeed complex, all life systems, including social systems, satisfy two principles. First, all systems need to extract resources from the external environment to compensate for their consumption. Second, for a system to be viable, the amount of resource extraction has to be no less than the level of consumption. From these two principles, we derive a quantitative theory of major factors in economic activities, such as fixed cost, variable cost, discount rate, uncertainty and duration. The mathematical theory enables us to systematically measure the effectiveness of different policies and institutional structures at varying levels of resource abundance and cost. The theory presented in this book shows that there do not exist universally optimal policies or institutional structures. Instead, the impacts of different policies or social structures have to be measured within the context of existing levels of resource abundance. As the physical costs of extracting resources rise steadily, many policy assumptions adopted in mainstream economic theories, and workable in times of cheap and abundant energy supplies and other resources, need to be reconsidered. In this rapidly changing world, the theory presented here provides a solid foundation for examining the long-term impacts of today's policy decisions.
650 0 $a Economics $x Philosophy. $3 561294
650 1 4 $a Physics. $3 564049
650 2 4 $a Socio- and Econophysics, Population and Evolutionary Models. $3 785051
650 2 4 $a Environmental Economics. $3 668788
650 2 4 $a Sustainable Development. $3 679787
650 2 4 $a Energy Economics. $3 669400
650 2 4 $a Thermodynamics. $3 596513
650 2 4 $a Economic Theory/Quantitative Economics/Mathematical Methods. $3 1069071
710 2 $a SpringerLink (Online service) $3 593884
773 0 $t Springer eBooks
856 4 0 $u http://dx.doi.org/10.1007/978-1-4939-3466-9
950 $a Physics and Astronomy (Springer-11651)