In Which Sense Can We See Economics and Physics as Independent Sciences?

Abstract

By economic actions humans change the world for improving their living conditions. For the changing of the world physics presents a measure, named entropy. Since economic actions are evaluated in money there must be a connection between money and entropy. In this article a mathematical formula is derived which determines how many entropy units are represented by the economic effect of one unit of currency.

In a first step we introduce constructs for describing a specific physical reality. In a second step we connect the physical constructs to the economic reality thus receiving new insights into economic relations by using physical principles. It is shown that physical systems are controlled by knowledge which acts outside of the system. Economical systems are controlled by knowledge which acts inside of the system. Therefore economical systems can innovate themselves. Since both sciences act inside a space ship named earth they need a shared scientific language. That is proposed in this article and it is named humatics. Taking all this into account both sciences get at the one hand a new conceptual superstructure and on the other hand a more sharpened structure of their position in science.

The concept shows the strong relation between innovation and the need of a broad spectrum of educated knowledge of the individuals. So, the social sciences may get from this article some fruitful hints.

Keywords: quantity of human knowledge, economical constructs, operable knowledge, basic entropy of economics, quadratic prosperity

JEL Classification: A12