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‘Bosons’ and ‘fermions’ in social and economic systems

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  • Rashkovskiy, Sergey A.

Abstract

We analyze social and economic systems with a hierarchical structure and show that for such systems, it is possible to construct thermostatistics, based on the intermediate Gentile statistics. We show that in social and economic hierarchical systems there are elements that obey the Fermi–Dirac statistics and can be called fermions, as well as elements that are approximately subject to Bose–Einstein statistics and can be called bosons. We derive the first and second laws of thermodynamics for the considered economic system and show that such concepts as temperature, pressure and financial potential (which is an analog of the chemical potential in thermodynamics) that characterize the state of the economic system as a whole, can be introduced for economic systems

Suggested Citation

  • Rashkovskiy, Sergey A., 2019. "‘Bosons’ and ‘fermions’ in social and economic systems," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 514(C), pages 90-104.
    • Handle: RePEc:eee:phsmap:v:514:y:2019:i:c:p:90-104
    DOI: 10.1016/j.physa.2018.09.057
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