Dickens, Rob (2020): Modelling commerce in terms of chemical reactions.
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Abstract
After first explaining the basis for such modelling, namely, changes in money in commerce appearing to mirror changes in 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 supply and demand, and using the somewhat literal example of a taxi journey up a hill, to help make sense of the approach. The modelling of supply and demand is then explained, the effect on prices being attributed to the spreading out of energy from sellers to buyers. An expression for this effect is then derived, in terms of the corresponding concentrating of money. Various implications of the model are then expounded, concerning the nature of money, price and its relationship to value, and intelligence, and some supporting evidence given. Two secondary implications, concerning economics and political science, are then discussed to conclude.
Item Type: | MPRA Paper |
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Original Title: | Modelling commerce in terms of chemical reactions |
Language: | English |
Keywords: | modelling; commerce; coupled chemical reactions; thermodynamics; free energy; theory of value; intelligence; political science |
Subjects: | B - History of Economic Thought, Methodology, and Heterodox Approaches > B5 - Current Heterodox Approaches > B59 - Other C - Mathematical and Quantitative Methods > C0 - General > C02 - Mathematical Methods D - Microeconomics > D4 - Market Structure, Pricing, and Design > D46 - Value Theory |
Item ID: | 108899 |
Depositing User: | Dr Rob Dickens |
Date Deposited: | 28 Jul 2021 18:26 |
Last Modified: | 28 Jul 2021 18:26 |
References: | Journal of Chemical Thermodynamics, 3, 1 (1971) Atkins, P.W., PHYSICAL CHEMISTRY, Oxford University Press, Oxford. Oxfam says wealth of richest 1% equal to other 99%. http://www.bbc.co.uk/news/business-35339475 (2016) Stryer, L., BIOCHEMISTRY, W. H. Freeman and Company, San Francisco. What is climate change? A really simple guide. https://www.bbc.co.uk/news/science-environment-24021772 (2020) Climate change: older trees loss continue around the world. https://www.bbc.co.uk/news/science-environment-52881721 (2020) Satellite constellations: Astronomers warn of threat to view of Universe. https://www.bbc.co.uk/news/science-environment-50870117 (2019) |
URI: | https://mpra.ub.uni-muenchen.de/id/eprint/108899 |
Available Versions of this Item
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Modelling commerce in terms of chemical reactions. (deposited 13 Jan 2020 03:48)
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Modelling commerce in terms of chemical reactions. (deposited 29 Jan 2020 15:36)
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Modelling commerce in terms of chemical reactions. (deposited 19 Jun 2020 02:51)
- Modelling commerce in terms of chemical reactions. (deposited 28 Jul 2021 18:26) [Currently Displayed]
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Modelling commerce in terms of chemical reactions. (deposited 19 Jun 2020 02:51)
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Modelling commerce in terms of chemical reactions. (deposited 29 Jan 2020 15:36)