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An “Intropy Driven Gibbsian Phase Rule” For Communities And Markets

Author

Listed:
  • V.I.Gopi Krishna Menon

    (Chief Executive)

Abstract

It appears that a phase rule, which hints at how communities or social grouping can be viewed as “phases” similar to that in Thermodynamics, is plausible. Trade potential m , similar to Gibbs Chemical Potential , resulting from the ”Intropy” (or negative entropy) gradients, associated with physical, mental ,social or spiritual “ Quality” or “Worth”, of individuals,groups,products and services cause Trade/Social Transactions. A “phase rule” for communities that coexist in such a market is derived and hypothetical “phase diagrams” are explained.Experimentation in micro scales are a possibility to build appropriate “phase diagrams”

Suggested Citation

  • V.I.Gopi Krishna Menon, 2004. "An “Intropy Driven Gibbsian Phase Rule” For Communities And Markets," Economics Bulletin, AccessEcon, vol. 28(9), pages 1.
    • Handle: RePEc:ebl:ecbull:eb-04aa0011
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    JEL classification:

    • C0 - Mathematical and Quantitative Methods - - General
    • F1 - International Economics - - Trade

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