In hmolscience, Andras Brody (1924/27-2010) or “Andrew Brody” was a Hungarian economist noted for his 1985 article “An Essay in Macroeconomics”, coauthored with Katalin Martinas and Konstantin Sajo, wherein, building on the work of John Neumann (1934), Paul Samuelson (1955), and Nicholas Georgescu-Roegen (1971), they outline an economic thermodynamics model, in which, among other things, they attempt to argue for a social chemical potential model, to the affect that “market prices are the chemical potentials µi derived from the economic entropy, which is now U”, according to Hungarian theoretical physicist Bela Lukacs who frequently cites their work as the “Bródy-Martinás-Sajó model”. [2]
Education
Brody completed his BA in mathematics in 1945 at the Eotvos University, Budapest, his MA in industrial economics and PhD in 1960, both at Karl Marx University, Budapest.
References
1. (a) Bródy Andras, Martinás, Katali, and Sajó, Konstantin. (1985). “An Essay in Macroeconomics” (abs), Acta Oeconomica, 35(3-4):337-43; in: Economics and Thermodynamics: New Perspectives on Economic Analysis (editors: Peter Burley and John Foster) (§1, pgs. 9-16). Kluwer Academic Publisher, 1994.
(b) Lukacs, Bela. (1994). “On Economic and Other Utilities”, Proceedings of the Second Autumn School on Reactor Physics, ERÖFI II (ed. A. Rácz), Lillafred, 7-10 Nov.
(c) Lukacs, Bela. (2000). “Sustainable Consumption and the Brody-Martinas-Sago Model: an Example” (draft), Lecture at “Thermodynamic Afternoon”, BME, Building H 655, Sep 22.
Further reading
● Brody, Andras. (1989). “Economics and Thermodynamics”, in: John von Neumann and Modern Economics (editors: M. Dore, S. Chakravarty, and R. Goodwin) (pgs. 141-48). Oxford: Clarendon Press.
● Brody, Andras. (2004). “The Implicit Dynamics of the von Neumann Growth Model”, In: Acta Oeconomica, 54(1):63-72.
External links
● Brody, Andras – WorldCat Identities.
● Andras Brody (1924-2010) – Hungarian Academy of Sciences.
