# Economic Cycles of Carnot Type

## TL;DR

This paper introduces the concept of economic Carnot cycles within Roegenian economics, exploring their theoretical significance and potential practical applications in economic systems.

## Contribution

It extends thermodynamic cycle concepts to economics, proposing a new framework using the Thermodynamic-Economic Dictionary for analysis.

## Key findings

- Economic Carnot cycles have meaningful economic significance.
- Roegenian economics can be practically applicable.
- The framework bridges thermodynamics and economics effectively.

## Abstract

Originally, the Carnot cycle is a theoretical thermodynamic cycle that provides an upper limit on the efficiency that any classical thermodynamic engine can achieve during the conversion of heat into work, or conversely, the efficiency of a refrigeration system in creating a temperature difference by the application of work to the system. The aim of this paper is to introduce and study the economic Carnot cycles into a Roegenian economy, using our Thermodynamic-Economic Dictionary. Of course, the most difficult questions are: what is the economic significance of such a cycle? Roegenian economics is acceptable or not, in terms of practical applications? Our answer is yes for both questions.