Tests of thermal macroeconomic theory on simulated microeconomies
In this paper, we test predictions of a new theory of macroeconomics, called ‘thermal macroeconomics.’ The theory aims to apply the mathematical structure of classical thermodynamics, including analogues of temperature and entropy, to predict aspects of the aggregate behaviour of populations of econ...
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| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
IOP Publishing
2025-01-01
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| Series: | Journal of Physics: Complexity |
| Subjects: | |
| Online Access: | https://doi.org/10.1088/2632-072X/adac99 |
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