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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## 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.

Item Type: | MPRA Paper |
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Original Title: | Socio-Economic Analogues of the Gas Laws (Boyle's and Charles') |

Language: | English |

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 |

Item ID: | 40125 |

Depositing User: | John Angle |

Date Deposited: | 18 Jul 2012 10:23 |

Last Modified: | 26 Sep 2019 16:22 |

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URI: | https://mpra.ub.uni-muenchen.de/id/eprint/40125 |