Theoretical and Applied Economics
No. 5 / 2010 (546)
The Law of Entropy – the Most Economical of All Natural Laws. Current Manifestations of World Economics
Adrian VIERIŢĂ
Bucharest Academy of Economic Studies
Abstract. The last three centuries have witnessed a specific social evolution, one much more dynamical than those of the previous era. The general vector of this dynamics is represented by the progress in technology and science that had taken place in all arrays of social action, a phenomenon largely manifested throughout Western European countries and North America. It is against this general setup that the world saw the formation and development of both European national communities and of the capitalist market economies, two of the historical causes that lead to the fall of the feudal social and economical system.
Keywords: economic law; entropy; economic growth; social evolution; technological and scientific progress; market economy.
Contents
- The Liquidity of the Bucharest Stock Exchange (BSE) during the Financial Crisis
Liviu GEAMBAŞU
Ion STANCU
- Causality between Prices and Wages: VECM Analysis for EU-12
Adriatik HOXHA
- Relevant Costs for Decision in an Effective Controlling System
Mihaela TULVINSCHI
- Increasing Responsibility towards Environment
Mihaela COMĂNESCU
- A Study of Customer Relationship Management Practices in Madhya Pradesh State
Tourism Services
Dharmendra MEHTA
Jitendra K. SHARMA
Naveen K. MEHTA
- The Law of Entropy – the Most Economical of All Natural Laws. Current Manifestations
of World Economics
Niţă DOBROTĂ
Adrian VIERIŢĂ
- Clusters - Tourism Activity Increase Competitiveness Support
Carmen IORDACHE
Iuliana CIOCHINĂ
Mihaela ASANDEI