Assuming scale-invariance and a few aggregate axioms, an exchange economy has an entropy that never decreases when economies interact, giving temperature-driven money flow and entropy-based prices.
A Direct Road to Entropy and the Second Law of Thermodynamics
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abstract
The entropy of classical thermodynamics is uniquely determined by the relation of adiabatical accessibilty between equilibrium states of thermodynamical systems. This review outlines the logical path leading to this results and the challenges that have to be faced on the way.
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Thermal Macroeconomics: An axiomatic theory of aggregate economic phenomena
Assuming scale-invariance and a few aggregate axioms, an exchange economy has an entropy that never decreases when economies interact, giving temperature-driven money flow and entropy-based prices.