Comparing Thermo and Econ

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Title: Comparing Thermo and Econ

Essay Details:

Subject: Miscellaneous

Author: Debra S

Date: May 27, 2015

Level: University

Grade: A

Length: 13 / 3657

Essay text:

In economics, money is the most basic unit that can be used to describe an economic system. Every aspect of an economic system is related to money, either directly or indirectly. Similar to money, energy is involved in all aspects of thermodynamics directly or indirectly. This similarity between the importance money and energy in their respective fields lends to the observation that energy can be equated to money; this can be used to draw many further comparisons between the two subjects. An intuitive starting point for deriving relationships between thermodynamics and economics, is with the zeroth, first, second, and third laws of thermodynamics...

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