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Mélik Lemariey
Mélik Lemariey
Independant Researcher
Fingerprint: 255DF38F71395D0A8AF8514FFFA8FCB81BBFF518
France

Public Documents 2
Reflections on the economic power of Work and the mechanical power of Money
Mélik Lemariey

Mélik Lemariey

and 1 more

September 19, 2023
A document by Mélik Lemariey. Click on the document to view its contents.
Liminal Insights: Bridging Economics and Thermodynamics
Mélik Lemariey

Mélik Lemariey

and 2 more

September 08, 2023
This article contextualizes the intersection of thermodynamics and economics and elucidates its innovative implications by drawing parallels between energy dynamics in physical systems and wealth-currency dynamics in economies. It introduces the concept of "internal economic energy" as a cornerstone. Through a comparative lens, the study reveals how monetary value is engendered within production and transaction stages, mirroring the classical thermodynamic cycle observed in steam engines. The article posits a fundamental parallel between the principle of energy conservation and the emergence of money, contending that efficient economic work converts into newly minted money. This notion challenges the notion of money creation ex nihilo. While providing a novel perspective on economic mechanisms, the analogy's application to the intricate human domain prompts consideration of inherent complexities and potential limitations. The article's insights contribute to both economic theory and thermodynamics, cautioning against over-extension of the analogy while paving the way for a more comprehensive understanding of the intricate relationship between energy and economics.

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