Black holes in economics
journal contributionposted on 27.02.2020 by Feodor Kusmartsev, Yi Luo
Any type of content formally published in an academic journal, usually following a peer-review process.
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.