Angle, John (2011): Socio-Economic Analogues of the Gas Laws (Boyle's and Charles'). Published in: Proceedings of the 2011 Joint Statistical Meetings (19 December 2011): pp. 1375-1389.
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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.
|Item Type:||MPRA Paper|
|Original Title:||Socio-Economic Analogues of the Gas Laws (Boyle's and Charles')|
|Keywords:||Boyle’s Law; Charles’ Law; econophysics; income and wealth distribution; Inequality Process; Kinetic Theory of Gases|
|Subjects:||D - Microeconomics > D3 - Distribution > D31 - Personal Income, Wealth, and Their Distributions
C - Mathematical and Quantitative Methods > C0 - General > C02 - Mathematical Methods
|Depositing User:||John Angle|
|Date Deposited:||18 Jul 2012 10:23|
|Last Modified:||24 Feb 2017 00:33|
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