Better Economics for the Earth: A Lesson from Quantum and Information Theories

Download or read book Better Economics for the Earth: A Lesson from Quantum and Information Theories written by Quan-Hoang Vuong and published by AISDL. This book was released on 2024-07-21 with total page 146 pages. Available in PDF, EPUB and Kindle. Book excerpt: Learning from the quantum and information theories, we provide a new definition of value, which is expected to help economists relax assumptions and loosen established economic principles in order to change and evolve. The new definition is also expected to enable social scientists to address newly arising phenomena or events that are not accounted for by existing value systems, such as environmental crises, artificial intelligence (AI), and interdisciplinary information, more proactively and productively. We hope that, by incorporating the quantum physics perspective into the interpretation of information and value, social scientists, particularly economists, will offer more reliable predictions and advice for societal transitions toward sustainability. Hanoi, July 21, 2024