Munich Personal RePEc Archive

Modelling commerce in terms of chemical reactions

Dickens, Rob (2020): Modelling commerce in terms of chemical reactions.

There is a more recent version of this item available.
[thumbnail of MPRA_paper_98058.pdf] PDF

Download (265kB)


After first explaining the basis for such modelling, namely, money in commerce appearing to mirror free energy in coupled chemical reactions, with a striking correspondence between profit and reduction in free energy, a model of two `coupled Deliveries' is constructed, noting the need also to model the market, and the somewhat literal example of a taxi journey up a hill is used to help make sense of the approach. The modelling of the market is then explained, where changes in the concentration of money over buyers and sellers is assumed to behave like changes in the degree to which energy is spread out over the microstates of a system. An expression for the profit due to the market is then derived, and a possible method for verifying this proposed. Further evidence that supports the model is then presented, followed by a discussion of the implications of the model's being found to be valid.

Available Versions of this Item

Atom RSS 1.0 RSS 2.0

Contact us: mpra@ub.uni-muenchen.de

This repository has been built using EPrints software.

MPRA is a RePEc service hosted by Logo of the University Library LMU Munich.