Thermodynamics and entropy share exactly until one moves to the realm of information content, now we are using a concept that ranges from the most complex mathematical genius of professor Steven Hawking analyzing black hole evaporation to the logical analysis of information content gain or loss within a civilization and the individual lives making up the civilization.
Economists have spent many years - centuries now - developing somewhat illogical theories that support the economic class structure, this has often been accomplished with complex mathematical formulations that receive Nobel prizes but do not describe reality to a majority of people who use their labor to create real, non-financial wealth.
Early economic insight into entropy as it applies to human activity realized that a real and sustainable energy budget was the amount of solar power that arrived on earth. The early thinking also recognized concepts of order and disorder that eventually describes random chaos or zero useable energy sources, such as water at sea level. Attempts were made to use the mathematics of entropy as economic theory grew, perhaps some hoped that irrefutable reduction of reality to mathematics could convince policy makers that infinite growth on a finite planet is not only impossible but that pursuit of the impossible would eventually lead directly to the social and environmental chaos we are suffering today.
Now, modern economics has been presented with the luxury of leaving complex math to those on the forefront of cosmology and sub-atomic physics by the very same physicists who have come full circle from the directions of infinitely small and infinitely large to see life itself as information written in genetic code at the DNA molecular level, and that the flow of time is basically organized information experiencing entropy as the direction from order to chaos, noting there is no chaos in nothing. Self organizing information that stands briefly as a collection of harmonized waves expressing themselves physically as atoms resisting the flow of entropy is life we experience individually and share socially through the collective we call civilization.
Economists who choose to do so may now analyze policy decisions using real science without constant resort to mathematics. Order and chaos can be accurately described verbally, as are the approaches to them. That which increases the information in a culture benefits civilization, individuals, cooperatives.
State or private corporations benefit civilization more or less depending upon the amount of information their activities create. This explains why the current African farm land grab by corporate agriculture is a good example: minor investment in education to restore agroecological information content lost to past disruptions can outproduce major investment in corporate agribusiness that will itself further disrupt the environment. The smaller investment in people leads to a reduction in population growth and the environment benefits again.
Globalism, an obscuring word for colonialism, is damaging the entire planet. Local communities using local information assemble that information practicing functional democracy and choose a policy that heals the planet and promotes life. Each locality need not know everything every other region is doing specifically. Earth will heal when everyone is choosing the path of least entropy they can find locally. Shared information enhances the process and is the reason democracy is suddenly in demand and is evolving to include the economy.