Physics – General Physics
Scientific paper
2010-01-12
Physics
General Physics
13 pages, latex
Scientific paper
In this note, we would like to find the laws of electrodynamics in simple economic systems. In this direction, we identify the chief economic variables and parameters, scalar and vector, which are amenable to be put directly into the crouch of the laws of electrodynamics, namely Maxwell's equations. Moreover, we obtain Phillp's curve, recession and Black-Scholes formula, as sample applications.
Biswas Anindya Kumar
Dasari Sanjay
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