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Social Free Energy of a Pareto-Like Resource Distribution

Author

Listed:
  • Josip Stepanic

    (Faculty of Mechanical Engineering and Naval Architecture - University of Zagreb)

  • Hrvoje Stefancic

    (Theoretical Physics Division - Ru?er Boškovi? Institute)

  • Vinko Zlatic

    (Theoretical Physics Division - Ru?er Boškovi? Institute)

Abstract

For an organisation with a Pareto-like distribution of the relevant resources we determine the social free energy and related social quantities using thermodynamical formalism. Macroscopic dynamics of the organisation is linked with the changes in the attributed thermodynamical quantities through changes in resource distribution function. It is argued that quantities of thermodynamical origin form the optimised set of organisation's state indicators, which is reliable expression of micro-dynamics.

Suggested Citation

  • Josip Stepanic & Hrvoje Stefancic & Vinko Zlatic, 2006. "Social Free Energy of a Pareto-Like Resource Distribution," Interdisciplinary Description of Complex Systems - scientific journal, Croatian Interdisciplinary Society Provider Homepage: http://indecs.eu, vol. 4(2), pages 136-143.
    • Handle: RePEc:zna:indecs:v:4:y:2006:i:2:p:136-143
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    References listed on IDEAS

    as
    1. Trigaux, Richard, 2005. "The wealth repartition law in an altruistic society," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 348(C), pages 453-464.
    2. Nicola Scafetta & Bruce J. West & Sergio Picozzi, 2003. "A Trade-Investment Model for Distribution of Wealth," Papers cond-mat/0306579, arXiv.org, revised Sep 2003.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    resource distribution function; Pareto distribution; social free energy;
    All these keywords.

    JEL classification:

    • C15 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Statistical Simulation Methods: General

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