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Phase Diagram for Roegenian Economics (1812.07959v1)
Published 6 Nov 2018 in q-fin.GN
Abstract: We recall the similarities between the concepts and techniques of Thermodynamics and Roegenian Economics. The Phase Diagram for a Roegenian economic system highlights a triple point and a critical point, with related explanations. These ideas can be used to improve our knowledge and understanding of the nature of development and evolution of Roegenian economic systems.
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