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Regular version of the site

Book chapter

Thermodynamics and Economics: Overview

P. 1-11.

The relationship between thermodynamics and economics has been known for a long time. The term ``thermoeconomics'' has even appeared. However, several aspects of the old thermodynamics are unacceptable in economics. For example, experts in thermodynamics believe that the diamond crystal is in the metastable state, and in due time will be transformed into graphite. However, these experts can hardly convince businessmen to part with their ancient diamonds.

The laws of economics require that the old conceptions of thermodynamicsa be mathematically scrutinized and reviewed.

The correspondence principle for quantum statistics, classical statistics and economics which associates the number of particles with the amount of money, the chemical potential with the nominal percentage, the negative pressure with debts, and the law of economic preference allowed to obtain agreement of the general theory of thermoeconomics with the latest experimental data.