21–23 May 2018
Topland | Hotel & Convention Center Phitsanulok
Asia/Bangkok timezone

Equation of State for a Market: A Thermodynamical Paradigm of Microeconomics

22 May 2018, 14:45
15m
Phichit Room

Phichit Room

Oral Statistical and Theoretical Physics A17: Statistical and Theoretical Physics

Speaker

Dr Burin Gumjudpai (The Institute for Fundamental Study "The Tah Poe Academia Institute")

Description

Considering equilibrium thermodynamics- the thermostatics,foundation of the paradigms are the equation of state (EoS) and four postulate laws of thermodynamics. We investigate nature of EoS and these laws and we propose a paradigm in analogous to thermostatics in expressing EoS for a microeconomics system that is a market. This speculation is a first step to the whole and overall pictures of thermodynamical paradigm of microeconomics.

Primary author

Dr Burin Gumjudpai (The Institute for Fundamental Study "The Tah Poe Academia Institute")

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