No, but this looks good. The only thing I have read on this topic is Mirowski's More Heat than Light.
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Replying to @NegarestaniReza
I'll check that out! Classical econophysics is basically an attempt to use the probabilistic equations of boltsmann and others in political economy to solve the transformation problem and model economic equilibrium much more accurately and elegantly.
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Replying to @NicolasDVillar1 @NegarestaniReza
To date there's only been two major works, the latest one I screenshotted is just called "classical econophysics", but it was originally created in 1983 with "laws of chaos" by farjourn and machover
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Replying to @NicolasDVillar1 @NegarestaniReza
There's some interesting properties once these principles are applied to economics: markets are found to have entropy maximizing properties in terms of income distribution, even though labor is an entropy reducing process through production
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Replying to @NicolasDVillar1
Does this apply to all markets, like for example barter ones? The reason I'm asking is because of Varoufakis's experiment when he was working at Valve.
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Replying to @NegarestaniReza
I believe so. Essentially what they did is give a bunch of actors different amounts of value and had them individually exchange random amounts (to simulate subjective valuations), the result was a high amount of inequality. Not quite as high as we have today, but we strive for it
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Replying to @NicolasDVillar1 @NegarestaniReza
Here's the relevant passage. The Boltzmann distribution being the distribution of particles in thermal equilibrium (maximum entropy).pic.twitter.com/1cyhNJA43N
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Replying to @NicolasDVillar1
I'm going to read the whole thing asap. Is it on libgen? What I'm interested is that Boltzmann equation is actually a special case because it only holds under a scenario with homogenous boundary and typical initial conditions.
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Replying to @NegarestaniReza
Nicolas D Villarreal Retweeted Nicolas D Villarreal
Yep, linked it in the original threadhttps://twitter.com/NicolasDVillar1/status/1229249513988198400 …
Nicolas D Villarreal added,
Nicolas D Villarreal @NicolasDVillar1Replying to @HW_BEAT_THATI had never heard this historical account before, so it's really amazing to me. But I think you'd get a kick out of this book more generally. The incredibly elegant ways it employs information theory and computer science is something to behold http://libgen.is/book/index.php?md5=1204640FA5C43650A11E2998B74DABFC …2 replies 0 retweets 0 likes -
Replying to @NicolasDVillar1 @NegarestaniReza
Hope you don't mind I just started reading Cyclonopedia on libgen lol
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Oh no, spit it out. That book is rancid. You might actually like Intelligence and Spirit, there is a whole chapter on Boltzmann's later work.
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Replying to @NegarestaniReza
lmao. It's not so bad so far, reminds me of some poetic novels I read in creative writing class. But I'll def check out intelligence and spirit. I think I might write my next essay for Palladium mag on this topic.
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Replying to @NicolasDVillar1
"it's not so bad so far" Now I'm beginning to doubt our fresh twitter friendship
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