Why is the circular flow model of the economy inconsistent with the laws of thermodynamics? Is that

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Why is the circular flow model of the economy inconsistent with the laws of thermodynamics? Is that possible?

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Energy And The Wealth Of Nations An Introduction To Biophysical Economics

ISBN: 305503

2nd Edition

Authors: Charles A S Hall ,Kent Klitgaard

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Question Posted: Sep 20, 2024 06:04 AM

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Why is the circular flow model of the economy inconsistent with the laws of thermodynamics? Is that possible?
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Why is the circular flow model of the economy inconsistent with the laws of thermodynamics? Is that

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Energy And The Wealth Of Nations An Introduction To Biophysical Economics

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