An Economic Analogy to Electrodynamics

Sanjay Dasari, Anindya Kumar Biswas

Department of Physics, North-Eastern Hill University, Mawkynroh-Umshing, Shillong, India.
Malad Office, Mumbai Branch, JP Morgan India Pvt. Services Ltd., India.

DOI: 10.4236/me.2013.411078                

Abstract

In this article, we would like to find the laws of electrodynamics in simple economic systems. We identify the chief economic variables and parameters, scalar and vector. We find laws of economics interms of these variables and parameters. The laws are similar in form to the laws of symmetric electrodynamics. Moreover, we obtain Phillp’s curve, recession, Black-Scholes formula, Supply-Demand line and Cobb-Douglas production function as sample applications.

Keywords

Economics; Electrodynamics; Duality

Conflicts of Interest

The authors declare no conflicts of interest.

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