In hmolscience, Malte Michael Faber (1938-) is a German economist noted, in human thermodynamics, for his 1985 to 2005 work in applying thermodynamics to economics, mostly is seems in historical commentary.
Overview
In 1983, Faber penned a number of what he seems to refer to as "physico-economics" publications, which helped introduce entropy into economics and sociology. [1]
In 1985, Faber began to pen several papers with John Proops on thermodynamics in economics; their “Interdisciplinary Research Between Economists and Physical Scientists: Retrospect and Prospect”, e.g. seems to go into a historical overview of economic thermodynamics pioneers, such as: Leon Walras, Francis Edgeworth, Stanley Jevons, Paul Samuelson, Nicholas Georgescu-Roegen, among others. [2]
Education
Faber studied economics, mathematics, and statistics at the Free University Berlin and the University of Minnesota from 1959 to 1964. He completed his doctorate (1969) and habilitation (1973) in economics at the Technical University of Berlin. Faber became professor emeritus from the chair of economics at the University of Heidelberg in 2004.
References
1. Chalidze, Valery. (2000). Entropy Demystified - Potential Order, Life and Money. USA: Universal Publishers.
2. (a) Faber, Malte and Proops, John L.R. (1985). “Interdisciplinary Research Between Economists and Physical Scientists: Retrospect and Prospect”, in: KYKLOS 38 (4th Quarter): 599-616; Reprinted in: A Survey of Ecological Economics Rajaram Krishnan, Jonathan M. Harris, Neva R. Goodwin (pgs. 70-). Island Press, 1995.
(b) Faber, Malte and Proops, John. (1986). “Time Irreversibilities in Economics: Some Lessons from the Natural Sciences”, Publisher.
(c) Faber, Malte, Baumgartner, Stefan, and Proops, John L.R. (1995). “The Use of the Entropy Concept in Ecological Economics”, 22-pgs. University Heidelberg.
Further reading
● Faber, Malte M., Niemes, Horst, and Stephan, Gunter. (2005). Entropy, Environment, and Resources: an Essay in Physico-economics (ch. 3: The Notion of Entropy, pgs. 77-). Springer.
● Faber, Malte. (1988). “The Thermodynamic Heuristic in Entropy, Environment, and Resources: an Essay in Physico-Economics.” Univ. Heidelberg.
External links
● Malte Michael Faber (German → English) – Wikipedia.
