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Boltzmann-Gibbs Distribution of Fortune and Broken Time-Reversible Symmetry in Econodynamics

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  • P. Ao

Abstract

Within the description of stochastic differential equations it is argued that the existence of Boltzmann-Gibbs type distribution in economy is independent of the time reversal symmetry in econodynamics. Both power law and exponential distributions can be accommodated by it. The demonstration is based on a mathematical structure discovered during a study in gene regulatory network dynamics. Further possible analogy between equilibrium economy and thermodynamics is explored.

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  • P. Ao, 2005. "Boltzmann-Gibbs Distribution of Fortune and Broken Time-Reversible Symmetry in Econodynamics," Papers physics/0506103, arXiv.org.
    • Handle: RePEc:arx:papers:physics/0506103
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