Dresden 2006 – scientific programme

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AKSOE: Physik sozio-ökonomischer Systeme

AKSOE 10: Poster Session (posters are expected to be displayed the full day 8:30-18:00)

AKSOE 10.23: Poster

Wednesday, March 29, 2006, 16:00–18:00, P2

The Problem of Relativity in Economic Models — •Bodo Herzog — Wittelsbacherstr. 33, 65 189 Wiesbaden

The paper studies the evolution of relativity in economic systems and models. We use new and innovative ideas by combining economic and physical systems of agents. Our main objective is to find new insights in economic models and systems with interdisciplinary approaches. The paper shows several new insights in many respects: First, we show some limitations in economic models, which focusing only on pure economic systems without any connection to other systems. Second, we try to model a new system and incorporating the problem of relativity in economic models. Thereafter we derive some conclusions for the design of institutions mainly for the macroeconomic and European level.

<More details later in our paper.>