IDEAS home Printed from https://ideas.repec.org/p/hal/journl/hal-03506940.html

A variable behaving as a quantum in economic system
[Une variable se comportant comme un quantum dans le système économique]

Author

Listed:
  • Kazuyoshi Kitazawa

    (Risp Japan)

Abstract

A variable behaving as a quantum in economic system is studied on the basis of quantum mechanics. The several formulas of relevant variable are derived along with this speculation. Thus a possible value for the common constant which may be understood as Planck constant in economic system is calculated. There, a concerned variable seems to exhibit a quantum behavior. Background and Introduction Recently it has been pointed out that there might be a similarity between the rational expectation hypothesis (REH) in economics and quantum mechanics (QM), where their observers are both in respective systems. Nevertheless, on the other hand, the principle of uncertainty in economics has not yet been discovered so far [1]. Therefore we will study on this problem by starting to formulate the basic equations respective which correspond to quantum mechanics. Here we pursue solely a behavior of certain representative variable with which an important econophysical quantity is newly introduced, and then discuss about Planck constant in economic system (ES).

Suggested Citation

  • Kazuyoshi Kitazawa, 2020. "A variable behaving as a quantum in economic system [Une variable se comportant comme un quantum dans le système économique]," Post-Print hal-03506940, HAL.
    • Handle: RePEc:hal:journl:hal-03506940
    Note: View the original document on HAL open archive server: https://hal.science/hal-03506940
    as

    Download full text from publisher

    File URL: https://hal.science/hal-03506940/document
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Lucas, Robert E, Jr & Prescott, Edward C, 1971. "Investment Under Uncertainty," Econometrica, Econometric Society, vol. 39(5), pages 659-681, September.
    2. Sargent, Thomas J & Wallace, Neil, 1975. ""Rational" Expectations, the Optimal Monetary Instrument, and the Optimal Money Supply Rule," Journal of Political Economy, University of Chicago Press, vol. 83(2), pages 241-254, April.
    3. Barro, Robert J., 1976. "Rational expectations and the role of monetary policy," Journal of Monetary Economics, Elsevier, vol. 2(1), pages 1-32, January.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Karimova, Amira & Simsek, Esra & Orhan, Mehmet, 2020. "Policy implications of the Lucas Critique empirically tested along the global financial crisis," Journal of Policy Modeling, Elsevier, vol. 42(1), pages 153-172.
    2. John B. Taylor, 1983. "Rational Expectations Models in Macroeconomics," NBER Working Papers 1224, National Bureau of Economic Research, Inc.
    3. Bennet T. McCallum, 1984. "A Linearized Version of Lucas's Neutrality Model," Canadian Journal of Economics, Canadian Economics Association, vol. 17(1), pages 138-145, February.
    4. Buiter, Willem H. & Miller, Marcus, "undated". "Monetary Policy And International Competitiveness," Economic Research Papers 269135, University of Warwick - Department of Economics.
    5. Jean-Paul Pollin & William Marois, 1985. "Avant-propos," Revue Économique, Programme National Persée, vol. 36(6), pages 1155-1168.
    6. Sargent, Thomas J, 1982. "Beyond Demand and Supply Curves in Macroeconomics," American Economic Review, American Economic Association, vol. 72(2), pages 382-389, May.
    7. Akhand Akhtar Hossain, 2009. "Central Banking and Monetary Policy in the Asia-Pacific," Books, Edward Elgar Publishing, number 12777.
    8. David Staines, 2023. "Stochastic Equilibrium the Lucas Critique and Keynesian Economics," Papers 2312.16214, arXiv.org, revised Jun 2024.
    9. Gauger, Jean Ann, 1984. "Three essays on the neutrality of anticipated money growth," ISU General Staff Papers 198401010800008758, Iowa State University, Department of Economics.
    10. Willem H. Buiter, 1987. "The Right Combination of Demand and Supply Policies: The Case for a Two-Handed Approach," NBER Working Papers 2333, National Bureau of Economic Research, Inc.
    11. Liu, Zheng & Waggoner, Daniel F. & Zha, Tao, 2007. "Asymmetric Expectation Effects of Regime Shifts and the Great Moderation," Kiel Working Papers 1357, Kiel Institute for the World Economy.
    12. Willem H. Buiter, 2003. "James Tobin: An Appreciation of his Contribution to Economics," Economic Journal, Royal Economic Society, vol. 113(491), pages 585-631, November.
    13. Mulder, C.B., 1986. "Testing Korteweg's rational expectations model for a small open economy," Research Memorandum FEW 222, Tilburg University, School of Economics and Management.
    14. Jonathan G. James & Phillip Lawler, 2015. "Heterogeneous private sector information, central bank disclosure, and stabilization policy," Southern Economic Journal, John Wiley & Sons, vol. 82(2), pages 620-634, October.
    15. Warren E. Weber, 1984. "Output variability in an open-economy macro model with variance-dependent parameters," Staff Report 94, Federal Reserve Bank of Minneapolis.
    16. Kui-Wai Li, 2013. "The US monetary performance prior to the 2008 crisis," Applied Economics, Taylor & Francis Journals, vol. 45(24), pages 3450-3461, August.
    17. Goutsmedt, Aurélien & Truc, Alexandre, 2023. "An independent European macroeconomics? A history of European macroeconomics through the lens of the European Economic Review," European Economic Review, Elsevier, vol. 158(C).
    18. Robert J. Barro, 1988. "Interest-Rate Smoothing," NBER Working Papers 2581, National Bureau of Economic Research, Inc.
    19. Krishna R. Akkina, 1990. "Output-inflation Trade-offs: The Latin American Experience," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 29(3 and 4), pages 327-344.
    20. Patrick Minford & Prakriti Sofat, 2004. "An Open Economy Real Business Cycle Model for the UK," Money Macro and Finance (MMF) Research Group Conference 2004 23, Money Macro and Finance Research Group.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hal:journl:hal-03506940. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: CCSD (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.