Related papers: Some Physics Notions on Monetary Standard
A financial market is a system resulting from the complex interaction between participants in a closed economy. We propose a minimal microscopic model of the financial market economy based on the real economy's symmetry constraint and…
Modern physics has demonstrated that matter behaves very differently as it approaches the speed of light. This paper explores the implications of modern physics to the operation and regulation of financial markets. Information cannot move…
Economic systems are similar with physic systems for their large number of individuals and the exist of equilibrium. In this paper, we present a model applying the equilibrium statistical model in economic systems. Consistent with…
The Standard Model of elementary particle physics is one of the most successful models of contemporary physics, its predictions being in full agreement with experiments. In this manuscript we consider the Lagrangian of the Standard Model as…
In the primordial universe, oscillations of heavy fields can be considered as standard clocks to measure the expansion or contraction history of the universe. Those standard clocks provide a model-independent way of distinguishing inflation…
We briefly review statistical models for the probability distribution of money developed in the econophysics literature since the late 1990s. In these models, economic transactions are modeled as random transfers of money between the agents…
With negative growth in real production in many countries and debt levels which become an increasing burden on developed societies, the calls for a change in economic policy and even the monetary system become louder and increasingly…
We start by surveying the history of the idea of a fundamental conservation law and briefly examine the role conservation laws play in different classical contexts. In such contexts we find conservation laws to be useful, but often not…
This paper presents an assessment of global economic energy potentials for all major natural energy resources. This work is based on both an extensive literature review and calculations using natural resource assessment data. Economic…
This set of lectures provides an elementary introduction to the standard electroweak theory, followed by a detailed discussion of its experimental tests. We then consider the conceptual limitations of the Standard Model and briefly review…
In economics, construction of perfect models in a way that would be comparable to the standards customary in physical sciences is generally not feasible. In particular, the observed value for an economic equilibrium may deviate…
This paper is intended to offer a pedagogical treatment of cosmological modeling and inflationary cosmology. In recent years, inflation has become accepted as a standard scenario making predictions that are testable by observations of the…
How may we quantify the value of physical resources, such as entangled quantum states, heat baths or lasers? Existing resource theories give us partial answers; however, these rely on idealizations, like perfectly independent copies of…
The aim of this study is to present proofs for new theorems. Basic thoughts of new definitions emerge from the decision-making under uncertainty in economics and finance. Shape of the certain utility curve is central to standard definitions…
Science education at all levels is currently undergoing dramatic changes to its curricula and developing assessments for these new curricula is paramount. We have used the basis of many of these new changes (scientific practices,…
In this note I describe reliability standards for writing and reviewing mathematical papers; these standards are (in my opinion) vital for the progress of mathematics. I give examples of applying the described or other reliability…
The role of mathematical models in physics has for longer been well established. The issue of their proper building and use appears to be less clear. Examples in this regard from relativity and quantum mechanics are mentioned. Comments…
The contradiction between physical and economical sciences concerning the growth of the production/consumption mechanism is analyzed. It is then shown that if one wishes to keep the security level stable or to enhance it in a growing…
An elementary general overview of the neutrino physics and astrophysics is given. We start by a historical account of the development of our understanding of neutrinos and how they helped to unravel the structure of the Standard Model. We…
The importance of the power law has been well realized in econophysics over the last decade. For instance, the distribution of the rate of stock price variation and of personal assets show the power law. While these results reveal the…