An Economics-based Energy Account for Classical Mechanics
AbstractSimple operations transform Hamilton's equations for particle motion in classical mechanics into energy units. Then one obtains a single equation in location, location-changes, momenta and momenta-changes with the interpretation: income from capital, in units of energy, balances with current investment expenditure on location changes and momenta changes, also in units of energy. For the special case of periodic motion, the inflow-useflow sub-accounts for distinct position variables and for distinct momenta variables balance over the period of motion
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Bibliographic InfoPaper provided by Society for Computational Economics in its series Computing in Economics and Finance 2005 with number 13.
Date of creation: 11 Nov 2005
Date of revision:
particle dynamics; energy account;
Find related papers by JEL classification:
- E13 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Neoclassical
- B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
This paper has been announced in the following NEP Reports:
- NEP-ALL-2005-11-19 (All new papers)
- NEP-HPE-2005-11-19 (History & Philosophy of Economics)
- NEP-MAC-2005-11-19 (Macroeconomics)
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- Hartwick, John M., 2004. "Sustaining periodic motion and maintaining capital in classical mechanics," Japan and the World Economy, Elsevier, vol. 16(3), pages 337-358, August.
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