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Black holes in economics

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journal contribution
posted on 27.02.2020 by Feodor Kusmartsev, Yi Luo
The economics is one of the most complex systems in nature. There is still no united view on all processes happen there. Here we would like to present a geometrical approach to economics, where we introduce a new concept of economic metric space. We show that there may exist black holes, the objects, which may play a crucial role in the economics dynamics. We argue that the existence of black holes in such system from one side may stimulate economics while from other side may originate financial crisis.

History

School

  • Science

Department

  • Physics

Published in

Hyperion International Journal of Econophysics & New Economy

Volume

12

Issue

2

Pages

21 - 28

Publisher

Hyperion University

Version

VoR (Version of Record)

Rights holder

© The Authors

Publisher statement

This is an Open Access article. It is published under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International Licence (CC BY-NC-ND). Full details of this licence are available at: https://creativecommons.org/licenses/by-nc-nd/4.0/

Acceptance date

17/09/2019

Publication date

2019-12-25

eISSN

2069-3508

Language

en

Depositor

Prof Fedor Kusmartsev. Deposit date: 27 February 2020

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