Ecodynamics is a part of applied
economics
Economics () is a behavioral science that studies the Production (economics), production, distribution (economics), distribution, and Consumption (economics), consumption of goods and services.
Economics focuses on the behaviour and interac ...
. It covers knowledge on
monetary value
In economics, economic value is a measure of the benefit provided by a goods, good or service (economics), service to an Agent (economics), economic agent, and value for money represents an assessment of whether financial or other resources are ...
, 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 labour ...
, and
capital.
See also
*
Thermoeconomics
Thermoeconomics, also referred to as biophysical economics, is a school of heterodox economics that applies the laws of thermodynamics, laws of statistical mechanics to economic theory. Thermoeconomics can be thought of as the statistical physic ...
*
System Dynamics
System dynamics (SD) is an approach to understanding the nonlinear behaviour of complex systems over time using stocks, flows, internal feedback loops, table functions and time delays.
Overview
System dynamics is a methodology and mathematical ...
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. DalyEconomics in a Full World Scientific American, September 2005, Vol. 293, Issue 3.
System Dynamics Society
Recommended reading
*
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References
Monetary economics
{{monetary-econ-stub