Thermodynamic analogies in economics and finance: instability of markets
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- Wayne, James J., 2014. "Generalized Second Law of Thermodynamics and Its Applications in Social Science," MPRA Paper 59734, University Library of Munich, Germany.
- Wayne, James J., 2013. "Fundamental Equation of Economics," MPRA Paper 59574, University Library of Munich, Germany.
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KeywordsEconomics; utility; entropy and disorder; thermodynamics; financial markets; stochastic processes;
- D5 - Microeconomics - - General Equilibrium and Disequilibrium
- A2 - General Economics and Teaching - - Economic Education and Teaching of Economics
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