Energy, Equilibrium, and Utility: The Models of Two Disciplines
Abstract: In this talk I will look at the interactions of Physics and Economic thought and the models they contain. Specifically, I will focus on neoclassical microeconomic which displays striking similarities to field theory, and several macroeconomic equilibrium models almost seem to be thermodynamics. In addition I will provide some information on what is contained in the field ‘Econophysics’ the title that physicists working in finance in academia have given themselves.