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Socio-Economic Analogues of the Gas Laws (Boyle's and Charles')

Author

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  • Angle, John

Abstract

Most social scientists would reject the possibility of socio-economic analogues of the gas laws (Boyle’s and Charles’) on verisimilitude grounds. The gas laws relate the variables temperature, pressure, and volume. The possibility of socio-economic analogues of the gas laws and their variables is suggested by the similarity of two mathematical models. One model is the Inequality Process (IP), a particle system model that explains a wide scope of socio-economic phenomena. The IP is isomorphic to the particle system of the Kinetic Theory of Gases (KTG) up to two differences. The KTG is the micro-level explanation of the gas laws. Given a map from the KTG into the IP, the IP implies empirically valid socio-economic analogues of Boyle’s and Charles’ Laws.

Suggested Citation

  • Angle, John, 2011. "Socio-Economic Analogues of the Gas Laws (Boyle's and Charles')," MPRA Paper 40125, University Library of Munich, Germany, revised 17 Jul 2012.
    • Handle: RePEc:pra:mprapa:40125
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    More about this item

    Keywords

    Boyle’s Law; Charles’ Law; econophysics; income and wealth distribution; Inequality Process; Kinetic Theory of Gases;
    All these keywords.

    JEL classification:

    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • C02 - Mathematical and Quantitative Methods - - General - - - Mathematical Economics

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