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Assets and liabilities are the momentum of particles and antiparticles displayed in Feynman-graphs

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  • Braun, Dieter

Abstract

An analogy between assets and liabilities and the momentum of particles and antiparticles (called actons and passons) is proposed. It allows physicists to use physical methods in economy for the analysis of monetary systems and for the analysis of double entry bookkeeping. Economists can use it to subdivide and discuss complicated balance transactions in terms of Feynman-graphs which introduce the time dimension to bookkeeping. Within the analogy, assets and liabilities come into existence by pair creation. Conservation of momentum is fulfilled whereas the conservation of energy corresponds to the regulation of a constant amount of money. Interest rates accelerate the particles by imposing a negative friction. The statistical description of an ideal money gas is derived and the transcription to semiconductor physics is given. The analogy is hoped to open a new field for physics and to reveal new insights on monetary systems.

Suggested Citation

  • Braun, Dieter, 2001. "Assets and liabilities are the momentum of particles and antiparticles displayed in Feynman-graphs," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 290(3), pages 491-500.
    • Handle: RePEc:eee:phsmap:v:290:y:2001:i:3:p:491-500
    DOI: 10.1016/S0378-4371(00)00584-7
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    Cited by:

    1. Stein, Julian Alexander Cornelius & Braun, Dieter, 2019. "Stability of a time-homogeneous system of money and antimoney in an agent-based random economy," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 520(C), pages 232-249.
    2. Victor M. Yakovenko & J. Barkley Rosser, 2009. "Colloquium: Statistical mechanics of money, wealth, and income," Papers 0905.1518, arXiv.org, revised Dec 2009.

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