Entropy, Social Entropy and Money: A Living Systems Theory Perspective

Entropy is a measure of system disorganization. This article discusses how entropy occurs and is measured in physical, biological and social systems, with particular emphasis on social systems. The role of money‐information markers in the recurring organization and disorganization of social entities...

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Bibliographic Details
Published in:Systems research and behavioral science 1997-01, Vol.14 (1), p.45-65
Main Authors: Swanson, G. A., Bailey, Kenneth D., Miller, James Grier
Format: Article
Language:English
Subjects:
Accounting theory
Entropy
living systems
living systems theory
macro accounting theory
Measurement
Money
negentropy
Social disorganization
social entropy theory
Social systems
Social theory
Systems analysis
Systems theory
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Summary:Entropy is a measure of system disorganization. This article discusses how entropy occurs and is measured in physical, biological and social systems, with particular emphasis on social systems. The role of money‐information markers in the recurring organization and disorganization of social entities is identified as an important aspect of social entropy. The discussion integrates living systems theory, social entropy theory, and macro accounting theory. © 1997 by John Wiley & Sons, Ltd.
ISSN:1092-7026
1099-1743
DOI:10.1002/(SICI)1099-1743(199701/02)14:1<45::AID-SRES151>3.0.CO;2-Y