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Abstract Details
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Activity Number:
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81
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Type:
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Contributed
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Date/Time:
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Sunday, July 31, 2011 : 4:00 PM to 5:50 PM
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Sponsor:
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Social Statistics Section
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| Abstract - #300929 |
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Title:
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Socio-Economic Analogues of the Gas Laws (Boyle's and Charles')
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Author(s):
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John Angle*+
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Companies:
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The Inequality Process Institute, LLC
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Address:
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Post Office Box 215, Lafayette Hill, PA, 19444, USA
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Keywords:
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Boyle's Law ;
Charles' Law ;
econophysics ;
income and wealth distribution ;
Inequality Process ;
Kinetic Theory of Gases
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Abstract:
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Perhaps most social scientists would reject the possibility that there are socio-economic analogues of the gas laws (Boyle's and Charles') because people are more complex than gas molecules. The two laws taken together are the beginnings of thermodynamics. While considering appearances it may seem impossible to find an analogy between gas molecules and people, in an abstract way there already is an established analogy via particle system models. The Inequality Process (IP) is a stochastic particle system model explaining a wide scope of income and wealth statistics quantitatively. The IP is isomorphic to the stochastic particle system model of the Kinetic Theory of Gases (KTG) up to two specific differences. The KTG accounts for Boyle's Law and Charles' Laws. Thus it is appropriate to ask whether the IP implies laws analogous in an abstract way to the gas laws.
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