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In mathematics, equation (TR:236) (LH:4) (TL:240) tends to refer to an expression that employs the equals sign "=", a symbol invented by Robert Recorde (1557)[1], or similar expressions, e.g. greater than ">" symbol.


The following are quotes:

Economics, because it does not recognize an equation of state or define prices intrinsically in terms of equilibrium, lacks the close relation between measurement and theory physical thermodynamics enjoys.”
Eric Smith (2008), “Classical Thermodynamics and Economic General Equilibrium” (co-author: Duncan Foley); cited by Burin Gumjudpai (2020) in “Thermodynamics Formulation of Economics (ppt pg. 9) [2]

End matter

See also


  1. Recorde, Robert. (1557). The Whetstone of Witte: whiche is the seconde parte of Arithmeteke: containing the extraction of rootes; the cossike practise, with the rule of equation; and the workes of Surde Nombers. Publisher.
  2. Smith, Eric and Foley, Duncan. (2008). "Classical Thermodynamics and Economic General Equilibrium Theory" (pdf), Journal of Economic Dynamics and Control, 32:7-65, Department of Economics Graduate Faculty, New School University, 2005 manuscript.

External links

Theta Delta ics T2.jpg