I am getting old and have been away from it for a while, I'd appreciate it if you could refresh my memory on laws of thermodynamics.
A more serious answer:
The first law says energy cannot be created or destroyed, it just changes form.
The second law is stated many ways including this: "Every process occurring in nature proceeds in the sense in which the sum of the entropies of all bodies taking part in the process is increased. In the limit, i.e. for reversible processes, the sum of the entropies remains unchanged".
Basically that says the net result of all reactions is a deterioration of the order of the universe. But, of course, given enough energy and the availability of the right processes, one can cause the ordered transformation he wants at the expense of a more disorganized result in another part of the process.
Amazing what you can find on the et these days.'
LOT is satedin differnt ways going back to the 19th century.
1st law says something can't go to or come from nothing. Causality is implied, an effect can not occur without a cause.
2nd law says in a bounded system things must add up. The thermodynamic boundary of your body is your skin. The mass and energy in, the mass and energy out and the mass and energy inside must always add up. Note I said a bounded system. The solar system is a a bounded system. As you expand the bounds to the entire universe it breaks down. That becomes cosmology.
3rd law says there is no such thing as a perpetual motion device, everything runs down. Entropy. There are always losses, you need to put more energy into a system then you need to put out. Entropy says when you unplug a refrigerator the temperature will go to equilibrium with the background. Whether entropy applies to the universe is cosmology.
The unverse may be unbouded, as such LOT nay not apply. There is no way to know.
The ecoomy is a thermodynami process. An isolated group has a boudary aroud it through which mass and enrgy enter, in which tere are processe inbolving mass and energy, and energy and mass leaving the system.
Why does LOT matter on the thred? Sice the first civilaztion consumption of emergy and resirces has sediy increased, ebetually something gives and te system fails.
For a steady state system all things must be in a balance IAW 1st and 2nd laws. That is why IMO a self sustaining Mars colony will not succeed.
For a steady state economic systen eveything must be in a balance IAW, 1st, 2nd, and 3rd laws.
By stedy state mean stable population, biouded use ofenergy and resurces. But 3rd law kics and everythingg tends to run down. You can recycle but it still runs down and you beed to bring in resurces.
Ther have been no known exceptins to LOT.