Macroeconomic dynamics in a finite world based on thermodynamic potential

Abstract This paper presents a conceptual model describing the medium and long term co-evolution of natural and socio-economic subsystems of Earth. An economy is viewed as an out-of-equilibrium dissipative structure that can only be maintained with a flow of energy and matter. The distinctive approa...

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Bibliographic Details
Main Authors: Éric Herbert, Gaël Giraud, Aurélie Louis-Napoléon, Christophe Goupil
Format: Article
Language:English
Published: Nature Portfolio 2023-10-01
Series:Scientific Reports
Online Access:https://doi.org/10.1038/s41598-023-44699-y