Interests - Science and Economics
I have recently taken a keen interest in economics, with a particular interest in how concepts from science can be applied, by analogy, to the dynamics of economic systems. The goal of my personal studies, over the past six years, has been to understand the necessary and sufficient conditions for an economy to remain persistent.
Science Concepts Being Applied to Economics
In Orrery, a solar system develops in minutes.
In PSoup, organism Alan 618 has evolved to track prey by smell, and reproduce sexually. Curiously it is sexually aggressive, but also plays hard-to-get.
Entropy production in an extremely simple economic agent-based model.
Distribution of Energy in a Gas - Further to the last point above, concerning distributions, there is a fascinating logical link between the mechanics of a bottle filled with an ideal gas and the economics of a town filled with people. In the case of the gas, if you could cause each molecule to have the same kinetic energy at the start, the binary interactions between pairs of atoms (the collisions) would soon redistribute the energy to conform to the Maxwell-Boltzmann distribution of energies. Similarly, in the case of the town, the sustainable model ModEco economy called the PMM demonstrates a situation in which all agents start with the same net worth, but due to the binary interactions between pairs of agents (the commercial transactions) the wealth is soon distributed to conform to a shape very similar to the shape of the Maxwell-Boltzmann distribution. (See the second row to the right.) The distribution of wealth in a sustainable society is of great interest. There appears to be some fundamental mathematical or physical principle which drives both gases and economies towards these distributions.
Last updated: June 2016