“It is important to quickly survey the model we are proposing. At this stage, we simply have two heat reservoirs and two thermal cycles. One of the reservoirs is the hot (or supply) reservoir with a temperature Ts. The other (demand) reservoir is colder and has a temperature of Td. As we discuss further in the appendix, a heat engine is basically a way of using heat to do work. In our model that process represents the act of turning resources into products and services, or production. Then that work is multiplied by what we call the ‘value multiplier’, or V which we will also discuss. Then that work is used to run a reverse heat engine, or refrigerator. That represents the flow of money as it goes back to the supply in the form of consumption.”— Luis Arroyo (2010), “A Thermal Model of the Economy” (pg. 20)
“How will we define temperature? In physics, temperature tends to determine average energy per particle; high temperature results in higher energy per particle. In a similar vein, temperature would be a kind of energy density. This would point to temperature being a measure of the density of resources available to a reservoir, or group of particles which will do work through a heat engine. We can refer to a group of people as a reservoir, since people are or own resources. The higher the wealth of the people in the reservoir, the higher the average temperature will be.”— Luis Arroyo (2010), “A Thermal Model of the Economy” (pg. 24)
“The motivation for this work came from an interest in economics (particularly since the 2008 economic downturn) and a desire to use the tools of physics in a field that has not been the subject of great exploration. We propose a model of economics in analogy to thermodynamics and introduce the concept of the ‘value multiplier’ as a fundamental addition to any such model. Firstly, we attempt to make analogies between some economic concepts and fundamental concepts of thermal physics. Then we introduce the value multiplier and justify its existence in our system; the value multiplier allows us to account for some intangible, psychological elements of the value of goods and services. We finally bring all the elements together in a qualitative system. In particular, we attempt to make an analogy with the ‘Keynesian multiplier’ that justifies the usefulness of fiscal stimulus in severe economic downturns.”
● Jose I. Alameda Lozada | PhD economics (1996) (pdf) (Ѻ)
● Erick A Roura Davila | PhD theoretical physics / Computational / Quantum physics [7]
● Pablo J. Marrero Soto | PhD theoretical physics / Computational / Fine materials [7]
● Anand D. Sharma | PhD agricultural engineering (1980) (Ѻ)
● Hector J. Jimenez Gonzalez (Chair) | PhD solid state physics / magneto-optics (1992) [7]
“Physics is a natural science, and it is both the most mathematical and the most exact. Economics, however successful, is at heart a social science. Human behavior is ill-suited to exactness and mathematical certainty by its very nature (see: human nature).”— Luis Arroyo (2010), “A Thermal Model of the Economy” (pg. 7)
“This correlation of turning resources into products and entropy reduction is the heart of the [Roegen] model. This allows us to clarify the relationship between the economic point of view and the physical perspective in the model proposed there. Economically, a factory exists to produce higher value material than what came in. Physically, it is impossible to create energy, but we can decrease the entropy of part of the material. Therefore, Georgescu makes the connection between value and entropy. The lower the entropy, the higher the value.”
(add discussion)
In 1915, American chemical engineer William Fairburn was the head of the Diamond Match Factory and as executive penned his human chemical theory stylized Human Chemistry, according to which the "factory" was conceptualized as a giant retort or continuous stirred tank reactor (CSTR), in modern chemical engineering terms, which produced matches via the controlled reactions of its factory workers, conceived as human chemicals, the foreman conceived as the master "human chemist" according to Fairburn. [11] |
“As each chemical element is an entity, differing and distinct from any other, so is each human element and entity and a personality, which, when guided by a human chemist to do work and perform his peculiar function in life, feels and acquires what no inert substance can ever acquire, namely moral stimulus of responsibility. A classification based on a [human element’s] relative electricity or relative energy or enthusiasm would not of itself help us much, for misapplied energy and wasteful application of human forces are common. The classification of entropy, referring to temperature changes which can be likened to coolness, passion, explosiveness and frigidity, are all interesting but of themselves prove little.”
“In our times, the service sector has become the true center of growth for the world economy. As its very name points out, services do not produce physical goods that have entropy. Services performed reduce entropy on other bodies, and they have an energy cost, much like the production of physical goods. However, to quantify that entropy reduction in services is much more difficult than the more purely physical entropy reduction on the inputs of a production process. When a factory produces goods, it is (in theory, ignoring the obvious complications) straightforward to do a strict accounting of the energy that came in, and the energy that came out. However, when a service is performed on a human being, the question of calculating the entropy change in the human is an imponderable.”
American physiologist Lawrence Henderson's 1938 "box spring model" of the Pareto-Gibbs sociological extrapolation of the Le Chatelier principle (see: social Le Chatelier principle) of equilibrium restoration of the system after small modification to the system, which he defines as an equilibrium of forces. [12] |
(1) A ball which is in a cup, and struck a blow that is not too hard, will return to its original position;
(2) A candle flame which is deflected by a draft that is not too strong will resume its original form;
(3) A trout brook that is ‘fished out’ will, if carefully protected, regain its former population of fish;
(4) An infant, according to Hippocrates, after a disease that is not too sever will gain in weight until that weight is reached which is approximately what would have been reached if there had been no sickness.
“In both cases—Hippocratic analysis and Pareto’s equilibrium—there is the underlying theory that equilibrium, for instance, in a box spring; that a small modification leaves the forces substantially intact; and that the forces tend to reestablish the state that would have existed if no modification had occurred, just as a box spring which has been depressed when someone lies down on it resumes its original form when one gets up.”
"Yes, I was bored in kindergarten ... I was bored because I knew almost everything they said. I had many problems with the teachers because I knew what they were saying and got up a lot. It was frustrating, it bothered me, but nothing; I kept going to school because I liked being with the kids my age and playing.”
“I remember in kindergarten, I asked a teacher what were the diphthongs, because the index of the book said some diphthongs and Iit sounded weird. I asked what it was and they scolded me, told me I did not have to ask that, that was for later. Sometimes they threw me the room that was moving a lot.”
Left: Arroyo, age 11, during first day of college, at the University of Puerto Rico, being greeted by teacher Pablo Rodriguez, the interim rector at the time. Right: Arroyo, age 16, at college graduation, BS in physics (4.00 GPA), shown holding the three awards he received, namely: the Luis Stefani Rafucci Prize, the highest academic award given for acts of conferring of degrees from the college, the prize of the Faculty of Arts and Sciences bestowed students greater academic index, and the Enrico Fermi Award as best student of the physics department. [2] |
“The 11-year-old surprised everyone by graduating from high school with a high honor and become the youngest person to enter a university in Puerto Rico person. With an IQ that surpassed scales designed to measure the intelligence of children, child Moca spent his time studying the quantum theory and the movements of the stock market, while other children their age probably preferred to play wrestling.”Shown adjacent, is a photo of age 11 Arroyo during first day of college in 2001 being greeted by teacher Pablo Rodriguez, the interim rector at the time. [2] In 2005, Arroyo, age 15, was being cited, by PRGifted.com, as having an IQ of 200. [6]
A photo of Arroyo from a 2010 blog by one the students he competed with in calculus in elementary school. [4] |
“Many models of the economy emerge from physics. I think my knowledge in the economy may be useful to help develop ideas to bring benefits to Puerto Rico. Especially ideas that do not cost.”
Arroyo: I am conservative in my religious beliefs
Figueroa: How Important is the faith to you?
Arroyo: It's very important.
Figueroa: But how faith can be understood by the head of a scientist? ... It's not something you can try.
Arroyo: I Do not think that religion and science are uneven ...
Figueroa: But there are scientists who do not think so ...
Arroyo: I think that what the Bible says can be taken as reality.
Figueroa: But by faith, not as something tangible ...
Arroyo: Well, I think that some things can be checked in a tangible way in the Bible.
Figueroa: Like what?
Arroyo: For example, in the Bible god he tells Job that he was dwelling above the circle of the earth. The Bible says that the earth was spherical and not a square. There is talk of some mathematical discoveries, such as the ratio of the circumference of a circle and its radius. There are physical things you can demonstrate ... Although the Bible is not a book of science, scientific things in the Bible can be checked.
An example of mathematics in the Bible: the 200AD parable of miracle of Jesus catching 153 fish with a large net (Ѻ), in waters where no fish resided, and feeding the hungry, originating in the story of the 510BC miracle of Pythagoras regarding 153 as a sacred number and catching that number of fish; the ratio 265/153, being the height-to-width ratio of the intersection of two circles (called by Archimedes in 250BC the "measure of the fish"), being the nearest whole number approximation to the square root of three, the controlling ratio of the equilateral triangle, supposedly utilized in the design of the pyramids. [8] |