Paperback Edition
Paperback
211 pages
$25.95
Choose vendor to order paperback edition
BrownWalker Press Amazon.com Barnes & Noble Harvard Book Store Return policy
PDF eBook
Sample Preview
Size k
Free
Download a sample of the first 25 pages
Download Preview

Entire PDF eBook
k
$12
Get instant access to an entire eBook
Buy PDF Password Download Complete PDF
eBook editions

Money: Virtual Energy

Economy through the Prism of Thermodynamics

by Octavian Ksenzhek
small book icon  Paperback   small ebook icon   eBook PDF
Publisher:  Universal Publishers
Pub date:  2007
Pages:  211
ISBN-10:  158112953X
ISBN-13:  9781581129533
Categories:  Economics  Business & Economics  Science

Abstract

Economic activity of humankind is considered in the book through the prism of fundamental physical concepts of Irreversible Thermodynamics. In the frame of such an approach the Economy appears as an immense global system, which performs work, necessary for functioning human societies, at the expense of dissipation of energy, both biological, provided with food, and technological, used for industrial and everyday needs. Money plays a fundamental role of virtual energy specific for economic processes, that makes possible mutual coupling of energy flows distinct in their nature. The author applies the concept of entropy of money and shows that it depends upon the degree of concentration of money. In turn entropy of money is shown to define attainable level of capability of money to perform work. An ambivalent role of inequality in income distribution in a society as a natural consequence of economic activity of humans and as a factor of its motivation is analyzed. Representing economy as a system driven by energy flows the author touches some conjugated global problems caused by developing economic activity of humankind, such as ecological ones. The considerations concerning the distinction between exogenous and endogenous energy as well as between heat-associated and substance-associated entropy seem to be very important.

About the Author

Octavian Ksenzhek, Dr.Sci , Ph.D., Professor, Head of the Laboratory of Bioelectrochemistry in Ukrainian State University for Chemical Technology. Author of three books and a number of journal scientific publications (over 350). Evolution of personal scientific interests and research fields: from macrokinetics of electrochemical processes in power sources to thermodynamics of conversion of radiant energy, electrochemistry of biologically active substances, biophysics and energetics of green plants, and now to the analysis of large-scale economic and social processes from the viewpoint of the fundamental concepts of Irreversible Thermodynamics.



Paperback Edition
Paperback
211 pages
$25.95
Choose vendor to order paperback edition
BrownWalker Press Amazon.com Barnes & Noble Harvard Book Store Return policy
PDF eBook
Sample Preview
Size k
Free
Download a sample of the first 25 pages
Download Preview

Entire PDF eBook
k
$12
Get instant access to an entire eBook
Buy PDF Password Download Complete PDF
eBook editions
Share this book



Relevant events
DEC
15
AGU25
American Geophysical Union (AGU) Fall Meeting The submission period for session, town hall and workshop proposals for AGU25 will open March 2025. Description: The largest Earth and space science meeting in the world, attracting scientists from around the globe. ...
American Geophysical Union (AGU) Fall Meeting The submission period for session, town hall and workshop proposals for AGU25 will open March 2025. Description: The largest Earth and space sci...
American Geophysical Union (AGU) Fall Meeting The submission period for session, town hall and workshop proposals for A...
American Geophysical Union (AGU) Fall Meeting The submission period for session, town hall and...
15 - 19 Dec 2025
New Orleans, United States
OCT
3
GLOBALCME
2nd Global Conference on Management and Economics The 2nd Global Conference on Management and Economics (GLOBALCME) will take place on 03-05 October 2025 in Milan, Italy. A city steeped in history, Milan offers attendees a unique setting that inspires both intellectual an...
2nd Global Conference on Management and Economics The 2nd Global Conference on Management and Economics (GLOBALCME) will take place on 03-05 October 2025 in Milan, Italy. A city steeped in history,...
2nd Global Conference on Management and Economics The 2nd Global Conference on Management and Economics (GLOBALCME) will ta...
2nd Global Conference on Management and Economics The 2nd Global Conference on Management and Econ...
03 - 05 Oct 2025
Milan, Italy
OCT
15
NexGen Banking Summit 15th - 16th, October, 2025 Join us on October 15th-16th, 2025, at the Hilton Hotel in London for the first-ever summit focused on how Generative AI is changing banking! With 78% of banks already using or planning to use this technology, it’s clear t...
NexGen Banking Summit 15th - 16th, October, 2025 Join us on October 15th-16th, 2025, at the Hilton Hotel in London for the first-ever summit focused on how Generative AI is changing banking! With ...
NexGen Banking Summit 15th - 16th, October, 2025 Join us on October 15th-16th, 2025, at the Hilton Hotel in London for the...
NexGen Banking Summit 15th - 16th, October, 2025 Join us on October 15th-16th, 2025, at the Hilto...
15 - 16 Oct 2025
London, United Kingdom
OCT
17
WORLDMBE
8th World Conference on Management, Business and Economics (WORLDMBE) Join Us at WORLDMBE 2025! 8th World Conference on Management, Business and Economics 📍 Lyon, France | 📅 October 19–21, 2025 Immerse yourself in innovation and discovery at WORLDMBE 2025—a leading international confe...
8th World Conference on Management, Business and Economics (WORLDMBE) Join Us at WORLDMBE 2025! 8th World Conference on Management, Business and Economics 📍 Lyon, France | 📅 October 19–21, 2025 Immerse yourself...
8th World Conference on Management, Business and Economics (WORLDMBE) Join Us at WORLDMBE 2025! 8th World Conference on Management, Business a...
8th World Conference on Management, Business and Economics (WORLDMBE) Join Us at WORLDMBE 2025! 8th World Conference ...
17 - 19 Oct 2025
Lyon, France
OCT
17
ICPEES2025
2025 2nd International Conference on Power Electronics and Energy System (ICPEES 2025) After a careful reviewing process, all accepted papers after proper registration and presentation, will be published in The ICPEES 2025 Conference Proceedings. The proceedings will be submitted to Engineering Village, Scop...
2025 2nd International Conference on Power Electronics and Energy System (ICPEES 2025) After a careful reviewing process, all accepted papers after proper registration and presentation, will be published in The ICPEES 2025 Conference ...
2025 2nd International Conference on Power Electronics and Energy System (ICPEES 2025) After a careful reviewing process, all accepted papers after proper regis...
17 - 19 Oct 2025
Bangkok, Thailand
OCT
20
NANOP 2025
NANOP 2025: Functional Nanophotonics After tremendous endeavors, Nanophotonics has already departed from its infancy and stepped into an exciting era, where research ideas and theoretical concepts are being vigorously transferred into functional devices and r...
NANOP 2025: Functional Nanophotonics After tremendous endeavors, Nanophotonics has already departed from its infancy and stepped into an exciting era, where research ideas and theoreti...
NANOP 2025: Functional Nanophotonics After tremendous endeavors, Nanophotonics has already departed from its i...
NANOP 2025: Functional Nanophotonics After tremendous endeavors, Nanophotonics has al...
20 - 22 Oct 2025
Paris, France
OCT
24
ICARSH
10th International Conference on Advanced Research in Social Sciences and Humanities 10th International Conference on Advanced Research in Social Sciences and Humanities 2025 Dates: 24 – 26 October 2025 Location: Geneva, Switzerland Venue: The Domaine Barton, Geneva Graduate Institute, Villa Barton ...
10th International Conference on Advanced Research in Social Sciences and Humanities 10th International Conference on Advanced Research in Social Sciences and Humanities 2025 Dates: 24 – 26 October 2025 Location: Geneva, Switzerla...
10th International Conference on Advanced Research in Social Sciences and Humanities 10th International Conference on Advanced Research in Social Sciences and...
24 - 26 Oct 2025
Geneva, Switzerland
OCT
24
CEBMM 2025
2025 14th International Conference on Economics, Business and Marketing Management (CEBMM 2025) Publication: The excellent accepted and registered full papers of CEBMM 2025 will be recommended to be published into Journal of Advanced Management Science or International Journal of Trade, Economics and Finance. Jou...
2025 14th International Conference on Economics, Business and Marketing Management (CEBMM 2025) Publication: The excellent accepted and registered full papers of CEBMM 2025 will be recommended to be published into Journal of Advanced Manageme...
2025 14th International Conference on Economics, Business and Marketing Management (CEBMM 2025) Publication: The excellent accepted and registered full papers of CEBMM ...
24 - 26 Oct 2025
Singapore, Singapore
OCT
24
ICEBA 2025
2025 11th International Conference on E-Business and Applications (ICEBA 2025) Paper Publishing and Indexing: Submitted papers must be original and contain work that has not been published before or is under review elsewhere. Accepted papers will be published in the ICEBA 2025 Conference proceeding...
2025 11th International Conference on E-Business and Applications (ICEBA 2025) Paper Publishing and Indexing: Submitted papers must be original and contain work that has not been published before or is under review elsewhere...
2025 11th International Conference on E-Business and Applications (ICEBA 2025) Paper Publishing and Indexing: Submitted papers must be original and co...
2025 11th International Conference on E-Business and Applications (ICEBA 2025) Paper Publishing and Indexing: Submitted paper...
24 - 26 Oct 2025
Singapore, Singapore
OCT
24
ICBML
3rd International Conference on Business, Management and Leadership (ICBML) Join the 3rd International Conference on Business, Management and Leadership – Oxford, UK | 24–24 October 2025 Be part of an internationally renowned gathering that brings together top minds in management—including rese...
3rd International Conference on Business, Management and Leadership (ICBML) Join the 3rd International Conference on Business, Management and Leadership – Oxford, UK | 24–24 October 2025 Be part of an internationally ren...
3rd International Conference on Business, Management and Leadership (ICBML) Join the 3rd International Conference on Business, Management and Leaders...
3rd International Conference on Business, Management and Leadership (ICBML) Join the 3rd International Conference on Busines...
24 - 26 Oct 2025
Oxford, United Kingdom