Input–output modelIn economics, an input–output model is a quantitative economic model that represents the interdependencies between different sectors of a national economy or different regional economies. Wassily Leontief (1906–1999) is credited with developing this type of analysis and earned the Nobel Prize in Economics for his development of this model. Francois Quesnay had developed a cruder version of this technique called Tableau économique, and Léon Walras's work Elements of Pure Economics on general equilibrium theory also was a forerunner and made a generalization of Leontief's seminal concept.
Quantum heat engines and refrigeratorsA quantum heat engine is a device that generates power from the heat flow between hot and cold reservoirs. The operation mechanism of the engine can be described by the laws of quantum mechanics. The first realization of a quantum heat engine was pointed out by Scovil and Schulz-DuBois in 1959, showing the connection of efficiency of the Carnot engine and the 3-level maser. Quantum refrigerators share the structure of quantum heat engines with the purpose of pumping heat from a cold to a hot bath consuming power first suggested by Geusic, Schulz-DuBois, De Grasse and Scovil.
Timeline of heat engine technologyThis timeline of heat engine technology describes how heat engines have been known since antiquity but have been made into increasingly useful devices since the 17th century as a better understanding of the processes involved was gained. A heat engine is any system that converts heat to mechanical energy, which can then be used to do mechanical work.They continue to be developed today. In engineering and thermodynamics, a heat engine performs the conversion of heat energy to mechanical work by exploiting the temperature gradient between a hot "source" and a cold "sink".
Output (economics)Output in economics is the "quantity (or quality) of goods or services produced in a given time period, by a firm, industry, or country", whether consumed or used for further production. The concept of national output is essential in the field of macroeconomics. It is national output that makes a country rich, not large amounts of money. Output is the result of an economic process that has used inputs to produce a product or service that is available for sale or use somewhere else.
