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q-fin.GN2020★ 10 cited
Thermodynamics of markets
Sergey Rashkovskiy
We consider the thermodynamic approach to the description of economic systems and processes. The first and second laws of thermodynamics as applied to economic systems are derived…
q-fin.GN2018★ 14 cited
'Bosons' and 'fermions' in social and economic systems
Sergey A. Rashkovskiy
We analyze social and economic systems with a hierarchical structure and show that for such systems, it is possible to construct thermostatistics, based on the intermediate Gentile…