This file is part of IDEAS, which uses RePEc data


[ Papers | Articles | Software | Books | Chapters | Authors | Institutions | JEL Classification | NEP reports | Search | New papers by email | Author registration | Rankings | Volunteers | FAQ | Blog | Help! ]

A Thermodynamic Approach to Monetary Economics. An application to the UK Economy 1969-2006 and the USA Economy 1966-2006

Author info | Abstract | Publisher info | Download info | Related research | Statistics
Author Info
John Bryant () (Vocat International)

Additional information is available for the following registered author(s):

Abstract

This paper develops further monetary aspects of a model, first set out as part of a paper by the author, published in 2007, concerning the application of thermodynamic principles to economics. The model is backed up by statistical regression analysis of quarterly data of the UK and USA economies, with significant levels of correlation. The model sets out relationships between price, output volume, velocity of circulation and money supply, and develops an equation to measure entropy gain in an economic system, linked to interest rates, and thence to an equation for the yield of a money instrument.

Download Info
To download:

If you experience problems downloading a file, check if you have the proper application to view it first. Information about this may be contained in the File-Format links below. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL: http://www.vocat.co.uk/TEN52008.pdf
File Format: application/pdf
File Function:
Download Restriction: no

Publisher Info
Paper provided by Economic Consultancy, Vocat International in its series Working Papers with number ten52008.

Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Length: 22 pages
Date of creation: Aug 2008
Date of revision:
Handle: RePEc:voc:wpaper:ten52008

Contact details of provider:
Web page: http://www.vocat.co.uk

For technical questions regarding this item, or to correct its listing, contact: (John Bryant).

Related research
Keywords: Monetary; thermodynamics; economics; entropy; interest rates; yield; money; UK economy;

This paper has been announced in the following NEP Reports:

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. John Bryant, 2007. "A Thermodynamic Theory of Economics," Working Papers tefprv2007, Economic Consultancy, Vocat International. [Downloadable!]
Full references

Statistics
Access and download statistics

Did you know? About 1000 journals are listed on RePEc.

This page was last updated on 2009-11-8.

This information is provided to you by IDEAS at the Department of Economics, College of Liberal Arts and Sciences, University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics.