Overview: The History & Future of Entropy's Influence on Economics

Preface

Admittedly, this topic is a bit esoteric.  Nevertheless, and even though I'm not any kind of mathematician, I believe there's a lot of insight to be gained from the journal article (published in April, 2020) at the link below.  The researcher, Jakimowicz, presents an analysis of entropy and the largely theoretical or nascent disciplines of quantum economics, complexity economics, econophysics, and the much more developed ecological economics.  He covers the role of the brilliant Romanian-American economist and science philosopher, Nicolas Georgescu-Roegen, in opening the door to the ongoing development (arguably, it's now pretty much complete) of ecological economics.  [In my next post, I'll link to a journal essay which discusses that.  It's quite an interesting story, and one which I believe demonstrates the arrogance of the "Church of Perpetual Growth & Overconsumption", aka, neoclassical/neoliberal economics.]
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Navigating the Article

If, like me, you're not a mathematician, then you can skim over the somewhat complex math formulas in the piece below.  Like Georgescu-Roegen, I've never believed that it's wise of economists to attempt to represent human behavior with math formulas anyway... and economics is very much about human behavior, not just goods and services.

To get a fairly solid understanding of the article, I recommend reading the Abstract, and then sections 1, 3, 6, and 12.  That should give you valuable insights into the connection of the Law of Entropy to ecological economics, and really, to all economics.

Though the piece is for those with advanced backgrounds, I believe anyone with only a bit of science education plus at least average intelligence can grasp the nuts & bolts of it.
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Conclusion

The journal article at the link below provides more proof that neoliberal economics--- which is destroying our life support systems--- is on the ropes, so to speak.  The King is vulnerable to being dethroned.  😄  It's time for people to step up, to demand of politicians (probably 90% of whom are neoliberals) a major change.  Without pressure, those politicians will not abandon their main constituency--- the Super-Rich.

https://www.mdpi.com/1099-4300/22/4/452/htm
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Not only my opinion.  Happy Trails, and Stay Well