Figure 4 The Principle of Heat Conversion |
Figure 4 shows the principle of heat conversion, such as is commonly applied in a home water boiler. Comparing the input-output relationships mentioned in the previous section with those of Figure 4 results in the correspondences shown by Table 1.
System |
Input‡@ |
Output‡A |
Input‡B |
Output‡C | |
Heat Conversion |
Cold water |
Hot water |
High temperature |
Low temperature | |
Economic |
Production |
Resources |
Commodity |
Labor |
Waste |
Consumption |
Commodity |
Labor |
Household labor |
Waste | |
Decomposition |
Waste |
Resources |
Labor |
Useless heat |
By treating resources, labor, commodities, and waste as economic components, and treating matter, energy, information, and entropy as physical elements, the following correspondences, listed in Table 2 are established between them.
No. |
Economic Component |
Physical Element |
(1) |
Resources |
Matter and Information |
(2) |
Labor |
Information and Energy |
(3) |
Commodity |
Information and Matter |
(4) |
Waste |
Matter and Entropy |
(5) |
Useless heat |
Entropy |
It is a general approach of science to reduce a substance to its elements; i.e., a molecule is made up of atoms.
The circulation of the aforementioned economic components, as controlled by market mechanisms, is observed outside the production-consumption-decomposition system. Inside each of these systems, the exchange of physical elements is observed as shown in Figure 4 The Principle of Heat Conversion. The economic process can be defined by the flow of these economic components and physical elements, as shown in Figure 5 A Metabolism Model.