Quantum Economics

Following in the footsteps of Wieser, Mises, Schumpeter, Hayek and Rothschild, Christian Aspalter presents a novel economic theory synthesis, based on insights from human quantum mechanics. Including cutting-edge concepts and diagrams of quantum supply and demand field curves, the book outlines old and new quantum physics theories and demonstrates how they can contribute to, elevate and extend standard mainstream economic theory. This innovative book presents an in-depth exploration of the concept of human quantum mechanics. It introduces the idea of human entanglements as force-based and probability-based causalities, highlighting their central role in future economic action and developments. Aspalter takes this one step further treating economics as the science of human action 'praxeology' and expands on this approach using power exertion and power relation exertion via psychological processes, language processes and culture and social pressures as well as economic and cost realities. Presenting a dynamic and context-sensitive concept of 'homo communicationis' - the communication human, the book places communications, power and power relations centre stage in this new economic framework. This book offers a solution to Hayek's unsolved 'coordination problem' in the form of human entanglements that act from the past into the future and through current-day communications, also activating and amplifying power relations from the past. This for the first time fully explains instantaneous human coordination of economic markets, the majority of market agents and market institutions, as well as governments. This book is an essential resource for academics in both macro- and micro-economics, behavioural and evolutionary economics as well as quantum economics and the emerging field of quantum social sciences. The theories and concepts showcased will also be of interest to those specialising in computational economics and finance to assist in advancing technological applications.