Scientific journal NRU ITMO
Series "Economics and Environmental Management"
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ISSN:

SEPTEMBER 2011 (published: 01.09.2011)

Number 2(9)

Home > Issue > Concept of “temperature” as applied to the economics

UDC 316.44:303.725

Concept of “temperature” as applied to the economics

Kolomiets S.M.

One of possible approaches to the economic sense of concept of "temperature" is considered in the given work. The interpretation of economic temperature as difference between expected (in the future) rate of profit and the real (today's) rate of profit being averaged on some segment of the market has offered. This interpretation gives the chance to draw an analogy between the processes of heat conductivity leading to thermodynamic balance, and processes of "migration" of the capital, leading to economic balance.
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Keywords: rate of profit, economic temperature, economic equilibrium, “migration” of the capital, alluring investment prospects

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