An Attempt to Construct an Economic System with Reference to Physics

Starting from Adam Smith, economics has gone through many stages in its development for more than 200 years, and many different schools of economics have emerged, which have very different views, some of which are even diametrically opposed to each other. In order to make the economic theory have a more scientific and coordinated development, minimize the controversy and contradiction between different schools of economics; this paper absorbs the theories of famous economists, using analogical thinking, with reference to the more mature discipline, physics, to try to build a system of economics. After some basic quantities for correspondence, this paper tries to integrate different schools of economic theory, through the appropriate models. A good explanation for price fluctuations is provided, and tax friction is added to further validate the model; finally, some conclusions are introduced through the system and expanded accordingly. The establishment of this system can help to realize the unification of the dimension in economics, so as to understand the essence of economics more clearly, and it is expected to bring economics closer to science.

Authors

Publication Details

Journal
Journal of industry and engineering management.
Published
2025-03-01
DOI
https://doi.org/10.62517/jiem.202503107
Primary Topic
Complex Systems and Time Series Analysis
Type
article
Field-Weighted Citation Impact
0.00
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article

An Attempt to Construct an Economic System with Reference to Physics

J. Deng
Journal of industry and engineering management.
Complex Systems and Time Series Analysis
article

An Attempt to Construct an Economic System with Reference to Physics

J. Deng
article en

Abstract

Starting from Adam Smith, economics has gone through many stages in its development for more than 200 years, and many different schools of economics have emerged, which have very different views, some of which are even diametrically opposed to each other. In order to make the economic theory have a more scientific and coordinated development, minimize the controversy and contradiction between different schools of economics; this paper absorbs the theories of famous economists, using analogical thinking, with reference to the more mature discipline, physics, to try to build a system of economics. After some basic quantities for correspondence, this paper tries to integrate different schools of economic theory, through the appropriate models. A good explanation for price fluctuations is provided, and tax friction is added to further validate the model; finally, some conclusions are introduced through the system and expanded accordingly. The establishment of this system can help to realize the unification of the dimension in economics, so as to understand the essence of economics more clearly, and it is expected to bring economics closer to science.

Journal of industry and engineering management.Vol. 3(1)
Openalex Percentile: Top 83%
Complex Systems and Time Series Analysis
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An Attempt to Construct an Economic System with Reference to Physics — J. Deng · Journal of industry and engineering management. (2025) | TGRS Research Map | TGRS