An Economics-based Energy Account for Classical Mechanics

John M. Hartwick

No 13, Computing in Economics and Finance 2005 from Society for Computational Economics

Abstract: Simple operations transform Hamilton's equations for particle motion in classical mechanics into energy units. Then one obtains a single equation in location, location-changes, momenta and momenta-changes with the interpretation: income from capital, in units of energy, balances with current investment expenditure on location changes and momenta changes, also in units of energy. For the special case of periodic motion, the inflow-useflow sub-accounts for distinct position variables and for distinct momenta variables balance over the period of motion

Keywords: particle dynamics; energy account (search for similar items in EconPapers)
JEL-codes: E13 B41 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-hpe and nep-mac
Date: 2005-11-11
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Persistent link: http://EconPapers.repec.org/RePEc:sce:scecf5:13

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