An Economic Analogy to Electrodynamics

Dasari, Sanjay and Biswas, Anindya Kumar (2013) An Economic Analogy to Electrodynamics. Modern Economy, 04 (11). pp. 723-732. ISSN 2152-7245

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Abstract

In this article, we would like to find the laws of electrodynamics in simple economic systems. We identify the chief economic variables and parameters, scalar and vector. We find laws of economics interms of these variables and parameters. The laws are similar in form to the laws of symmetric electrodynamics. Moreover, we obtain Phillp’s curve, recession, Black-Scholes formula, Supply-Demand line and Cobb-Douglas production function as sample applications.

Item Type: Article
Subjects: Institute Archives > Multidisciplinary
Depositing User: Managing Editor
Date Deposited: 17 Jul 2023 05:14
Last Modified: 09 Oct 2023 05:43
URI: http://eprint.subtopublish.com/id/eprint/2627

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