Bose-Einstein condensation mechanism in economic system
Department of Petroleum Engineering, China University of Petroleum - Changping, Beijing, 102249, China
Received: 16 January 2015
Accepted: 2 June 2015
This paper starts from modifying the kinetic exchange model and ends with making a parallel between economic crisis and the Bose-Einstein condensation. By introducing a parameter δ, we incorporate the time influence into the Bose-Einstein statistics. And δ is found to represent the technology level in an economy. δ's growth in time enlarges the rich and poor gap and induces economic crisis in free market despite the fact that average living standard is raised. Then we find the “δ-Te-Entropy” dilemma which features a strong implication of the second law of thermodynamics. The dilemma means when an economy is isolated the entropy grows and synergetically Te and δ grow inducing the Bose-Einstein condensation, i.e., economic crisis while for open economy the dilemma breaks. Then we raise the question: What would happen if the world economy as a whole became isolated with ultimately omnibearing globalization?
PACS: 89.65.Gh – Economics; econophysics, financial markets, business and management / 05.20.-y – Classical statistical mechanics / 64.60.De – Statistical mechanics of model systems (Ising model, Potts model, field-theory models, Monte Carlo techniques, etc.)
© EPLA, 2015