In this article, we would like to find the laws of electrodynamics
in simple economic systems. We identify the chief economic variables and
parameters, scalar and vector. We find laws of economics interms of these
variables and parameters. The laws are similar in form to the laws of symmetric
electrodynamics. Moreover, we obtain Phillp’s curve, recession, Black-Scholes
formula, Supply-Demand line and Cobb-Douglas production function as sample
N. Cabibo and E. Ferari, “Quantum Electrodynamics with Dirac Monopoles,” Nuovo Cimento, Vol. 23, No. 6, 1962, pp. 1147-1154; D. Singleton, “Electrodynamics with Magnetic Charge and Two Photons,” American Journal of Physics, Vol. 64, No. 4, April 19.
V. G. Veselago “The Electrodynamics of Substances with Simultaneously Negative Values ε of and μ” Soviet Physics Uspekhi, Vol. 10, No. 4, 1968, 509014. http://dx.doi.org/10.1070/PU1968v010n04ABEH003699