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Socio-Economic Analogues of the Gas Laws (Boyle's and Charles')

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  • Angle, John

Abstract

Most social scientists would reject the possibility of socio-economic analogues of the gas laws (Boyle’s and Charles’) on verisimilitude grounds. The gas laws relate the variables temperature, pressure, and volume. The possibility of socio-economic analogues of the gas laws and their variables is suggested by the similarity of two mathematical models. One model is the Inequality Process (IP), a particle system model that explains a wide scope of socio-economic phenomena. The IP is isomorphic to the particle system of the Kinetic Theory of Gases (KTG) up to two differences. The KTG is the micro-level explanation of the gas laws. Given a map from the KTG into the IP, the IP implies empirically valid socio-economic analogues of Boyle’s and Charles’ Laws.

Suggested Citation

  • Angle, John, 2011. "Socio-Economic Analogues of the Gas Laws (Boyle's and Charles')," MPRA Paper 40125, University Library of Munich, Germany, revised 17 Jul 2012.
  • Handle: RePEc:pra:mprapa:40125
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    File URL: https://mpra.ub.uni-muenchen.de/40125/1/MPRA_paper_40125.pdf
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    References listed on IDEAS

    as
    1. John Angle, 2007. "The Macro Model of the Inequality Process and The Surging Relative Frequency of Large Wage Incomes," Papers 0705.3430, arXiv.org.
    2. Angle, John & Nielsen, Francois & Scalas, Enrico, 2009. "The Kuznets Curve and the Inequality Process," MPRA Paper 16058, University Library of Munich, Germany, revised 29 Jun 2009.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Boyle’s Law; Charles’ Law; econophysics; income and wealth distribution; Inequality Process; Kinetic Theory of Gases;

    JEL classification:

    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • C02 - Mathematical and Quantitative Methods - - General - - - Mathematical Economics

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