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Re: Entropy.



 Guido Erreygers refers to Georgescu-Roegen's
"effort to stress the importance of the entropy law for the
analysis of economic phenomena."

Could someone please explain a specific case in which entropy is
crucial and the concept of entropy changes one's analysis of a specific
economic issue?  I don't doubt that it could be done, I am just
confused.

sincerely,

Jim Devine
jndf@xxxxxxxxxxxxxx or jdevine@xxxxxxxxxxxxxxx
Econ. Dept., Loyola Marymount Univ., Los Angeles, CA 90045-2699 USA
310/338-2948 (daytime, during workweek); FAX: 310/338-1950


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