Economic actions/interactions and their domination by probabilistic wave-like forces of power and power relations

Christian Aspalter

Chapter 15 in Quantum Economics, 2025, pp 144-173 from Edward Elgar Publishing

Abstract: Going in deeper still, this second main chapter of this book takes on a textbook approach to explain quantum supply and quantum demand, by using quantum supply field curves and quantum demand field curves—which symbolize in an abstract manner “scatter clouds” of probabilistic supply and demand outcomes. The main purpose is (again) to show that utilities are not important at all; they are meaningless on an aggregate scale/from an aggregate perspective; and instead, power is most important in determining market actions of market participants and aggregate market outcomes and developments as a whole. There are no (self-establishing) equilibria; there are only probable clouds of market outcomes (in essence, like the results one gets when using a Schrödingerian wave calculation, which just symbolizes probability outcomes). The author takes an American-style supermarket on a busy shopping day as the key prime example to demonstrate the workings of new quantum economics, as a new general theory of economics. The last part of the chapter also briefly focuses on mass behavior in quantum economics, to round things up.

Keywords: Quantum economics; Economic actions; Probabilistic actions; Wave-like spread of actions; Waves of blurry interactions; Power domination; Quantum supply; Quantum demand (search for similar items in EconPapers)
Date: 2025
ISBN: 9781035366804
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