Thermopower and Entropy: Lessons from Sr_{2}RuO_{4}.

We calculate the in-plane Seebeck coefficient of Sr_{2}RuO_{4} within a framework combining electronic structure and dynamical mean-field theory. We show that its temperature dependence can be interpreted using entropic considerations based on the Kelvin formula and that it provides a meaningful probe of the crossover out of the Fermi liquid regime into an incoherent metal. This crossover proceeds in two stages: The entropy of spin degrees of freedom is released around room temperature, while orbital degrees of freedom remain quenched up to much higher temperatures. This is confirmed by a direct calculation of the corresponding susceptibilities and is a hallmark of "Hund's metals." We also calculate the c-axis thermopower and predict that it exceeds substantially the in-plane one at high temperature, a peculiar behavior which originates from an interlayer "hole-filtering" mechanism.