An Economic analogy to Electrodynamics

Sanjay Dasari and Anindya Kumar Biswas

Papers from arXiv.org

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.

Date: 2010-01, Revised 2017-04
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Published in Modern Economy, 2013, 4, 723-732

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