PAGES

332 – 345

DOI

10.1080/08109029108631951
©
Joseph H. Vogel.

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Issues

Also in this issue:

UNINVITED GUESTS: A THERMODYNAMIC APPROACH TO RESOURCE ALLOCATION

Joseph H. Vogel.

A theory of resource allocation is emerging from the science of nonequilibrium thermodynamics (NET). The deterministic and reductionist version of NET (DARNET), like neoclassical economics, is functionally simple; however, unlike neoclassical economics, it invites structural complexities. Some of these complexities are behaviourial (e.g., nonrational behaviour and ethics) and are implied by the human evolutionary paradigm subsumed within DARNET; other complexities are physical (e.g., environmental degradation) and are implied directly from core propositions of DARNET. The case for a paradigm shift to DARNET is presented.

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