Title: Towards equation of state for a market: A thermodynamical paradigm of economics,
Abstract: Foundations of equilibrium thermodynamics are the equation of state (EoS) and
four postulated laws of thermodynamics. We use equilibrium thermodynamics
paradigms in constructing the EoS for microeconomics system that is a market.
This speculation is hoped to be first step towards whole pictures of
thermodynamical paradigm of economics.