Related papers: Some Physics Notions on Monetary Standard
A theoretical self-sustainable economic model is established based on the fundamental factors of production, consumption, reservation and reinvestment, where currency is set as a unconditional credit symbol serving as transaction equivalent…
This is an invited article for the Discussion and Debate special issue of The European Physical Journal Special Topics on the subject "Can Economics Be a Physical Science?" The first part of the paper traces the personal path of the author…
It is still common wisdom amongst economists, politicians and lay people that economic growth is a necessity of our social systems, at least to avoid distributional conflicts. This paper challenges such belief moving from a purely physical…
The aim of this chapter is to explain in clear and pedagogical terms how some particle-physics models and/or mechanisms can naturally lead to inflation and how this can provide testable predictions that can help us find new physics effects.…
We review an emerging body of work by physicists addressing questions of economic organization and function. We suggest that, beyond simply employing models familiar from physics to economic observables, remarkable regularities in economic…
The Standard Model is in good shape, apart possibly from g_\mu - 2 and some niggling doubts about the electroweak data. Something like a Higgs boson is required to provide particle masses, but theorists are actively considering…
We present a concise review of the status of the Standard Model and of the search for new physics.
The conventional economic approaches explore very little about the dynamics of the economic systems. Since such systems consist of a large number of agents interacting nonlinearly they exhibit the properties of a complex system. Therefore…
This article conducts a literature review on the topic of monetary policy in developing countries and focuses on the effectiveness of monetary policy in promoting economic growth and the relationship between monetary policy and economic…
This paper is based on lectures presented to mathematical physicists and attempts to provide an overview of the present status of the Standard Model, its experimental tests, phenomenological and experimental motivations for going beyond the…
Particle physics has evolved a coherent model that characterizes forces and particles at the most elementary level. This Standard Model, built from many theoretical and experimental studies, is in excellent accord with almost all current…
Econophysics is a new area developed recently by the cooperation between economists, mathematicians and physicists. It's not a tool to predict future prices of stocks and exchange rates. It applies idea, method and models in Statistical…
A goal of physics is to understand the greatest possible breadth of natural phenomena in terms of the most economical set of basic concepts. However, as the understanding of physics has developed historically, its pedagogy and language have…
The use of equilibrium models in economics springs from the desire for parsimonious models of economic phenomena that take human reasoning into account. This approach has been the cornerstone of modern economic theory. We explain why this…
For those concerned with the long-term value of their accounts, it can be a challenge to plan in the present for inflation-adjusted economic growth over coming decades. Here, I argue that there exists an economic constant that carries…
The standard model of particle physics is marvelously successful. However, it is obviously not a complete or final theory. I shall argue here that the structure of the standard model gives some quite concrete, compelling hints regarding…
Astrophysics and cosmology can be used to test the standard model of particle physics under conditions and over distance and time scales not accessible to laboratory experiments. Most of the astrophysical observations are in good agreement…
A robust thermodynamic relation between inflation corrected monetary valuation and energy emerges from existing work. This is based on the energy used, the aggregate efficiency of all production processes ($\Lambda(t)$) in terms of Joules…
There are many theories that have resided these last fifty years within the hazy mist we have been calling the Standard Model (SM) of elementary particles. An attempt is made here to construct a coherent description of the SM today, because…
We construct the New Minimal Standard Model that incorporates the new discoveries of physics beyond the Minimal Standard Model (MSM): Dark Energy, non-baryonic Dark Matter, neutrino masses, as well as baryon asymmetry and cosmic inflation,…