An Economic analogy to Electrodynamics
General Physics
2017-05-01 v6 General Finance
Abstract
In this note, we would like to find the laws of electrodynamics in simple economic systems. In this direction, we identify the chief economic variables and parameters, scalar and vector, which are amenable to be put directly into the crouch of the laws of electrodynamics, namely Maxwell's equations. Moreover, we obtain Phillp's curve, recession and Black-Scholes formula, as sample applications.
Cite
@article{arxiv.1001.1847,
title = {An Economic analogy to Electrodynamics},
author = {Sanjay Dasari and Anindya Kumar Biswas},
journal= {arXiv preprint arXiv:1001.1847},
year = {2017}
}
Comments
19 pages, duality aspect added, expanded, to comply with journal version