Assets and liabilities are the momentum of particles and antiparticles displayed in Feynman-graphs

Dieter Braun

Physica A: Statistical Mechanics and its Applications, 2001, vol. 290, issue 3, 491-500

Abstract: An analogy between assets and liabilities and the momentum of particles and antiparticles (called actons and passons) is proposed. It allows physicists to use physical methods in economy for the analysis of monetary systems and for the analysis of double entry bookkeeping. Economists can use it to subdivide and discuss complicated balance transactions in terms of Feynman-graphs which introduce the time dimension to bookkeeping. Within the analogy, assets and liabilities come into existence by pair creation. Conservation of momentum is fulfilled whereas the conservation of energy corresponds to the regulation of a constant amount of money. Interest rates accelerate the particles by imposing a negative friction. The statistical description of an ideal money gas is derived and the transcription to semiconductor physics is given. The analogy is hoped to open a new field for physics and to reveal new insights on monetary systems.

Keywords: Double entry bookkeeping; Feynman-graph; Money (search for similar items in EconPapers)
Date: 2001
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:phsmap:v:290:y:2001:i:3:p:491-500

DOI: 10.1016/S0378-4371(00)00584-7

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