EXTROPY AND ECONOMIC VALUE

Katalin Martinas - Gabor Kutrovatz
ELTE (Budapest)

There has been many different attempts to construct economic value from physical qualities (such as free energy, extropy, or negentropy). We show that all these attempts are inherently self-contradictory. Economic value has to be expressed as a bilinear product V = N * P, where P is the extropy of the product, while N is the specific economic value of the relevant extropy form.