If you are interested in my theory, outlined in the MANIFESTO OF THE NEW ECONOMIC THEORY then I can write a book or an article for your order to be published in your journal.
"Thus, entropy is a measure of freedom, and a measure of entropy in the modern economy is money. However, it is not the money spent but the money that can be spent. Freedom grows only in the case when there is money that we can spend at our disposal and if there is some uncertainty. Squirrel running in the wheel is not free, despite the constant movement. And the cash flow is not a measure of freedom and opportunities.
We can say
that money is the "canned" entropy. Thanks to the money exchange
process is stretched over time .Giving your product, a member of the customary
exchange gets another one and thereby increases his entropy. But with the money
he can get money for his goods, the money that he will spend on any goods at
any time afterwards. Moreover, his entropy increases at the moment when he
receives the money, and remains so when he buys a product for money. A product just modifies, turning money into a
product.
Entropy
level of society corresponds to the value of the money supply. But it is
adequate. Money itself is not the entropy. Therefore, if the same level of
entropy doubles the money supply, the value of money is reduced by half. Turnover
of money does not affect its purchasing power. We can mentally stop all
payments and mentally ask all citizens to give all their money (and, of course,
securities) for the purchase of something very important. All the collected
amount will be equal to the total entropy of the state, and this will be
assessed as the degree of economic development.
Contrary to
popular belief among economists, accelerating the turnover of funds has no
effect on their value directly. Imagine that the rate of turnover of money is doubled, and the money supply drop by half.
According to the ideas of classical economic theory, the purchasing power of
the monetary unit must remain the same and the exchange rate also should not
change. For the most part nothing has to change. But if you need again to
combine all funds to purchase something extremely urgent, the collected amount
will be two times less than the same. The country is impoverished by half, by
half its capabilities, its freedom and its entropy. But scientists and
economists did not notice this."
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