Ionut Purica - Böcker

When just a handful of economists predicted the 2008 financial crisis, people should wonder how so many well educated people with enormous datasets and computing power can be so wrong. In this short book Ionut Purica joins a growing number of economists who explore the failings of mainstream economics and propose solutions developed in other disciplines, such as sociology and evolutionary biology. While it might be premature to call for a revolution, Dr. Purica echoes John Maynard Keynes in believing that economic ideas are "dangerous for good or evil." In recent years evil seems to have had the upper hand. "Nonlinear Dynamics of Financial Crises" points to their ability to do good.

Makes complex economics ideas accessible by carefully explaining technical terms and minimizing mathematics and equations Delivers easily-understood perspectives about the global economy by constructing broad assumptions and conclusions in the face of its infinitely complexity Challenges received economic ideas by focusing on human behavior and the roles it plays in easily-observable recent trends and events

Climate Change and Circular Economics: Human Society as a Closed Thermodynamic System aims to go beyond the concept of ‘fighting climate change’ to analyze the capacity of human society to evolve in relation to the environment based on a more complex approach. The book stresses the role of resource recovery by innovation in reducing the temperature increase, determined through an irreversible thermodynamic approach. Determining the speed of temperature increase contributed by selected economies and comparing these to environmental recovery time constants shows that emerging economies have a much greater speed and consequently a larger impact on environmental capability to recover.Chapters progress from an analysis of present society as a dissipative open system to a thermodynamics view of the need for a circular economy, a big data analysis of climate change and risk mitigation, economic indicators, including entropy and economics, risk maps of climate change events risks, and insights into the ‘Gibbs paradox’, which describes the connection of two separate systems (like society and environment).Offers a unique, intersectional perspective on climate changeIntroduces generational risk maps for climate change events, opening the possibility for insurance as well as other mitigation and adaptation policiesProvides methods to determine the contribution of selected economies to temperature increase and speed of increase using irreversible thermodynamics that allows for comparison with environmental recovery time constantsEnds with a solution of the Gibbs ‘paradox’ that relies not on binary logic, but rather a multivalued modal logic of possibilities that sheds a profound light on the interaction of separate spaces versus their combination