An Econometric versus Thermodynamic Approach to Modeling Wage Expectations
Economic Perspectives - Challenges, Strategies, and Policy Implications: 37ECO 2021
From the second law of thermodynamics, it is known that the capital potential is subject to spontaneous, random dissipation. This is due to the fact that the human body works like a heat engine, so according to the second law of thermodynamics it must lose…