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dc.contributor.advisorJiménez-González, Héctor J.
dc.contributor.authorArroyo-Colón, Luis Balbino
dc.description.abstractThe motivation for this work came from an interest in Economics (particularly since the 2008 economic downturn) and a desire to use the tools of physics in a field that has not been the subject of great exploration. We propose a model of economics in analogy to thermodynamics and introduce the concept of the Value Multiplier as a fundamental addition to any such model. Firstly, we attempt to make analogies between some economic concepts and fundamental concepts of thermal physics. Then we introduce the value multiplier and justify its existence in our system; the value multiplier allows us to account for some intangible, psychological elements of the value of goods and services. We finally bring all the elements together in a qualitative system. In particular, we attempt to make an analogy with the Keynesian Multiplier that justifies the usefulness of fiscal stimulus in severe economic downturns.en_US
dc.description.abstractLa motivación de este trabajo surgió de un interés en la Economía (particularmente desde la crisis del 2008) y un deseo de utilizar las herramientas de la física en un campo poco explorado. Proponemos un modelo para la economía e introducimos el concepto del Multiplicador de Valor como una contribución fundamental a cualquier modelo similar. Primeramente, buscamos hacer una analogía entre algunos conceptos económicos y conceptos fundamentales de la física termal. Más aun, introducimos el Multiplicador de Valor y justificamos su existencia en nuestro sistema, ya que nos permite tomar en cuenta factores intangible, de naturaleza principalmente psicológica, del valor de los bienes y servicios en la economía. En particular, establecemos una conexión entre elementos de nuestro modelo y el Multiplicador Keynesiano que justifica el uso de estímulo fiscal en la economía en tiempos de crisis económica severa.en_US
dc.titleA thermal model of the Economyen_US
dc.rights.licenseAll rights reserveden_US
dc.rights.holder(c) 2010 Luis Balbino Arroyo-Colónen_US
dc.contributor.committeeRoura-Davila, Erick
dc.contributor.committeeAlameda-Lozada, José I.
dc.contributor.committeeMarrero-Soto, Pablo J.
dc.contributor.representativeSharma, Anand D.
dc.contributor.collegeCollege of Arts and Science - Scienceen_US
dc.contributor.departmentDepartment of Physicsen_US

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