Economic activity of humankind is considered in the book through
the prism of fundamental physical concepts of Irreversible
Thermodynamics. In the frame of such an approach the Economy
appears as an immense global system, which performs work, necessary
for functioning human societies, at the expense of dissipation of
energy, both biological, provided with food, and technological,
used for industrial and everyday needs. Money plays a fundamental
role of virtual energy specific for economic processes, that makes
possible mutual coupling of energy flows distinct in their nature.
The author applies the concept of entropy of money and shows that
it depends upon the degree of concentration of money. In turn
entropy of money is shown to define attainable level of capability
of money to perform work. An ambivalent role of inequality in
income distribution in a society as a natural consequence of
economic activity of humans and as a factor of its motivation is
analyzed. Representing economy as a system driven by energy flows
the author touches some conjugated global problems caused by
developing economic activity of humankind, such as ecological ones.
The considerations concerning the distinction between exogenous and
endogenous energy as well as between heat-associated and
substance-associated entropy seem to be very important.
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