The Entropy Law and the Economic Process

The Entropy Law, rooted in thermodynamics, implies that systems naturally tend toward disorder or randomness over time. In economics, this concept suggests that resources and efficiencies tend to degrade without continuous effort and management. The economic process involves creating and exchanging value, but over time, without innovation or investment, systems can become less efficient, leading to increased entropy. Essentially, maintaining economic growth and order requires ongoing effort, innovation, and resource management to counteract natural tendencies toward disorder and inefficiency.