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Potential Canvas: Space-Time Structure of Growth and Development
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This paper has tried to establish a potential measuring scale for governing policies within the framework of space-time structure in the general relativistic viewpoint of physical sciences. It enables us to measure the outcomes of governing policies on the basis of decrease in potential defined through the curvature of space-time like potential canvas framed with underlying scales of development. It provides a tool to the planning bodies to monitor and control the economic and social development in their respective potential canvas along with checks and balances for flow of money in an economy through the curvatures of potential canvas of economic development.
Keywords
Econophysics, Growth & Development, Potential Canvas, Economic Curvature
A12, C6, C16, C31, C81
Paper Submission Date : July 14, 2015 ; Paper sent back for Revision : January 3, 2016 ; Paper Acceptance Date : January 21, 2016.
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