In existographies, Bela Lukacs (1947-) (CR:9) is a Hungarian theoretical physicist and cosmologist noted, in economic thermodynamics, for his 1989 to 1994 digressions on his view that economy in itself can never satisfy the Gibbs-Duhem relations, subsequently an economy in itself can never have a thermodynamic formalism.
Overview
In 1989, Lukacs, in his “Once More about Economic Entropy”, build on the 1985 economic thermodynamic theories of Andras Brody, and associates, and in which, according to Australian chemist James Reiss, he equates economic variables to thermodynamic variables. [1]
In 1994, Lukacs, in his lecture “On Economics and Other Utilities”, attempted to show that an economy in itself can never satisfy the Gibbs-Duhem relations, subsequently an economy in itself can never have a thermodynamic formalism, but rather only the set economy + ecology, may possibly have such a formalism. [2]
References
1. (a) Lukacs, Bela. (1989). “Once More about Economic Entropy”, Acta Oeconomica, 41:1-2, pgs. 181-92.
(b) Reiss, James A. (1994). “Comparative Thermodynamics in Chemistry and Economics”, in: Economics and Thermodynamics: New Perspectives on Economic Analysis (ch. 5, pgs. 47-72) edited by Peter Burley and John Foster. Boston: Kluwer Academic Publishers.
2. 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.
External links
● Bela Lukacs (physicist) (Hungarian → English) – Wikipedia.
● Bela Lukacs – Articles.
