THE NEW ECONOMIC THEORY IS THE MAIN BRANCH OF THE NEW PHYSICS

Ismayil-Zada M.

Astra Salvensis, vol.2022, no.1, pp.13-36, 2022 (Scopus) identifier

  • Publication Type: Article / Article
  • Volume: 2022 Issue: 1
  • Publication Date: 2022
  • Journal Name: Astra Salvensis
  • Journal Indexes: Scopus, Academic Search Premier, Central & Eastern European Academic Source (CEEAS), Directory of Open Access Journals
  • Page Numbers: pp.13-36
  • Keywords: charge of usefulness, commodity dynamics, economic energy, market demand field, market field, potentials of goods
  • Azerbaijan State University of Economics (UNEC) Affiliated: Yes

Abstract

The paper covers the theory of economy and market from the standpoint of physics. The capabilities of the physics-based approach to the "economy" lets apply the mentioned mechanisms as universal ones in studies of economic processes and phenomena. The study's purpose to present a new economic theory as consistent as possible and explain some inexplicable matters of physics through economy. As a result, the authors compared and generalized the principles and mechanisms of economy with the known laws of physics in all its sections ("electricity", "mechanics", "vibrations", etc.). This allowed for the development of a completely new economic theory, the introduction of relevant definitions and concepts, and the development of new economic calculation methods. The study has established the foundation for new approaches to physical science, allowing us to rethink its laws and lay the groundwork for the development of cutting-edge physics.