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HAFT,JAY M KAUFMANN,CHRISTOPHER FOLEY,MARY BYRNE HILDT,DOROTHY T KEAN,IAN
MARTIN,HARRIET G ELLIOT IV,WALTER J LORENTZEN,MATTHEW B GWYNNE,JAY M R H TRUST
d considerable effort to applying the correct mathematics, statistical mechanics, to economics. Although primarily modelled in a static environment, Foley's work is profoundly insightful, and demonstrates very clearly how statistical mechanical approaches are more powerful than utility based approache
logy and appears not to have percolated into the general physics community despite appearing to have general applicability. The ideas of Paltridge, Lorenz, Dewar and others, along with the mathematical techniques of Levy & Solomon, may not be familiar to many physicists, and I believe may be very power
ure papers and vice-versa. The main reason for adopting classical economics was almost accidental. I had previously rejected the dabblings of both Foley and Wright into Marxian economics as misguided foolishness. I was wrong, they were right. My first reason for rejecting Marxian economics was becau
, entropy is not maximised, but is being produced continuously; as heat flows continuously from hot to cold. 199 EFTA00625327 What Paltridge and Lorenz discovered was that the earth appeared to act in a 'deliberate' manner, by adjusting the temperatures across the globe, to a give a maximum possible
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