Ecodynamics is a part of applied
economics
Economics () is the social science that studies the production, distribution, and consumption of goods and services.
Economics focuses on the behaviour and interactions of economic agents and how economies work. Microeconomics analyzes ...
. It covers knowledge on
monetary value
In economics, economic value is a measure of the benefit provided by a good or service to an economic agent. It is generally measured through units of currency, and the interpretation is therefore "what is the maximum amount of money a speci ...
, the usage of money, and the
money flow.
[Trond Andresen]
Fundamental financial accumulation dynamics
Department of Engineering Cybernetics, NT, Trondheim, Norway, August 2009. It deals with
labor
Labour or labor may refer to:
* Childbirth, the delivery of a baby
* Labour (human activity), or work
** Manual labour, physical work
** Wage labour, a socioeconomic relationship between a worker and an employer
** Organized labour and the la ...
, and
capital.
See also
*
Thermoeconomics
Thermoeconomics, also referred to as biophysical economics, is a school of heterodox economics that applies the laws of statistical mechanics to economic theory. Thermoeconomics can be thought of as the statistical physics of economic value an ...
*
System Dynamics
External links
* M. King Hubbert on th
Nature of Growth Testimony to Hearing on the National Energy Conservation Policy Act of 1974, Subcommittee on the Environment of the committee on Interior and Insular Affairs House of Representatives, June 6, 1974.
* Herman E. Daly
Economics in a Full World Scientific American, September 2005, Vol. 293, Issue 3.
System Dynamics Society
References
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Monetary economics
{{monetary-econ-stub