Black holes in economics
journal contributionposted on 2020-02-27, 14:14 authored 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.
Published inHyperion International Journal of Econophysics & New Economy
Pages21 - 28
- VoR (Version of Record)
Rights holder© The Authors
Publisher statementThis 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/