Application of the Special Theory of Relativity, General Theory of Relativity and Black Holes on Economics
Mario Arturo Ruiz Estrada
University of Malaya (UM) - Faculty of Economics & Administration (FEA); Econographication Virtual Laboratory (EVL)
October 4, 2012
Actual Problems of Economics Journal, Issue 6, 2013, Forthcoming
This research will show that is possible the application of the special theory of relativity, general theory of relativity and black holes on economics. This paper is divided into three sections. The first section proposes the application of the special theory of relativity by Professor Albert Einstein on economics. This is based on the measurement of the energy of the economics (E). The construction of the energy of the economics (E) is based on two economic variables such as the unemployment growth rate and the technological development speed. The second section will present the general theory of relativity develop by Albert Einstein (1916) on the analysis of international trade. Hence, this great theory of physics can help to explain the behavior of the international trade among nations, at the same time, how a large country with a constant expansion of its international trade mass (D) can generate a strong international trade gravity attraction with the traditional trade partners and possible new trade partners. The third section of this paper proposes a theoretical framework of the macroeconomic black holes. The idea is to observe “HOW” the macroeconomic black holes can generate an economic desgrowth according to this research. Additionally, the macroeconomic black holes request the uses of a multi-dimensional graphical modeling and mathematical modeling framework respectively.
Number of Pages in PDF File: 12
Keywords: Econographicology, Econophysics, Economic Teaching, Multi-Dimensional graphs and Multi-Dimensional Physical Spaces, Macroeconomic Policy
JEL Classification: E60, B40Accepted Paper Series
Date posted: October 6, 2012 ; Last revised: February 27, 2015
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