A Paradigm Shift in the Thermodynamic Economic Analysis of Intertemporal Resource Allocation Models

Abstract

This study re-evaluates the classical intertemporal resource allocation models through the lens of thermodynamic economics, introducing entropy as a critical factor. By integrating entropy metrics, the research challenges traditional assumptions on resource efficiency and consumption patterns. Utilizing advanced mathematical modeling and empirical analysis, the study unveils nuanced insights into sustainable economic growth. The findings suggest that incorporating thermodynamic principles in economic modeling significantly enhances the predictive accuracy of resource allocation outcomes. This work provides a foundation for further exploration of entropy as a determinant in economic theory and policy-making.