Saturday, April 8, 2017


Entropy is a concept that deals with the amount of disorder in a system. It is widely understood that the spontaneous gravitational pull to maximum entropy is not restricted to simple thermal systems. Due to its underlying probabilistic nature, the SLOT has led to the universal understanding that all spontaneous change (in any system of whatever type) ultimately leads to maximum disorder. This, of course, beggars the question that if the SLOT applies to all systems of any type, then "how can a complex economy arise and sustain itself without some external organizing force?"

Complexity Economics, Kieran D. Kelly

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