The Unity of Science and Economics (eBook, PDF)
Jing Chen
eBook, PDF

The Unity of Science and Economics (eBook, PDF)

A New Foundation of Economic Theory

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This book presents a new economic theory developed from physical and biological principles. It explains how technology, social systems and economic values are intimately related to resources. Many people have recognized that mainstream (neoclassical) economic theories are not consistent with physical laws and often not consistent with empirical patterns, but most feel that economic activities are too complex to be described by a simple and coherent mathematical theory. While social systems are indeed complex, all life systems, including social systems, satisfy two principles. First, all system...

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