Teaching and learning Thermodynamics have challenges. Energy and the First Law as the Energy Conservation Principle are usually well accepted. This is not the case with the Second Law, entropy, entropy generation, and the consequences of the Second Law. Analogies can be used to help learn and understand the Second Law of Thermodynamics, entropy, entropy generation, irreversibility, and power cycles. The present work proposes a Thermodynamics-Economics analogy. The analog of heat transfer (flowing in the decreasing temperature direction, driven by a temperature difference) is the traded merchandise transfer (flowing in the increasing unit price direction) in normal trading operations. Developments start with the economic analog of Clausius inequality. The analog of entropy is the merchandise financial value, and the analog of the entropy generation is the financial value generation. Irreversibility is associated with entropy generation, and economic irreversibility is related to economic entropy (financial value) generation. The reversible and irreversible power cycles also have their economic analogs. The irreversibility associated with heat transfer through a finite temperature difference also has its economic analog. The economic Second Law developments are more familiar to students and more easily understandable, which can help them learn the Second Law of Thermodynamics and its implications.
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