Economics presents the paradox of the entropy of the law of diminishing returns and infinity of the substitution effect. Resolution assumes the substitution effect is greater than diminishing returns. Technology presupposing entropy, introduced is a new paradox of entropic technology generating infinite growth. Resolution assumes serial substitution of technologies, generating an infinite continuum. Physics and economics contest mechanic entropy and organic growth conceptions. A mechanic concept…
Read moreEconomics presents the paradox of the entropy of the law of diminishing returns and infinity of the substitution effect. Resolution assumes the substitution effect is greater than diminishing returns. Technology presupposing entropy, introduced is a new paradox of entropic technology generating infinite growth. Resolution assumes serial substitution of technologies, generating an infinite continuum. Physics and economics contest mechanic entropy and organic growth conceptions. A mechanic conception resolves set disjunctives exclusively, every set disjoined from a contiguous set, constituting entropy. An organic conception resolves set disjunctives inclusively, every set conjoined with a contiguous set, constituting growth. Causally each instance of something decreases the preexistent set of all possible instances by one, dying. Functionally each instance of something increases the postexistent set of all possible instances by one, living. Economists have the advantage here. Endlessly divisible, substance is something constituted of nothing, ungoverned by the law of conservation of energy. Physicists implicitly concede this assuming substance emerges from a Big Bang. Alas lunch is not free. Product of an economic growth equation being endless and non-repetitive, calculation is irrational, rendering growth economics irrelevant. Calculation requires marginal analysis, sequences initiating anywhere within a set governed by conservation of energy and entropy converging in parallel upon a common limit, “the unseen hand.” Energy conserved, however, economic growth is bounded.