Field Economics: An Introduction

Pierre Gosselin, Aïleen Lotz

Abstract: This paper introduces a novel approach to analyzing economic systems with a large number of agents by applying concepts from field theory. This framework formalizes the probability landscape of the system, capturing both the global collective states and the microeconomic foundations of agent interactions. By identifying the possible collective states of the system, the approach enables a comprehensive understanding of individual dynamics within these states. Furthermore, this perspective challenges traditional economic paradigms, replacing the notion of a single equilibrium with a dynamic view of transitions between collective states.




Key words: Financial Markets, Real Economy, Capital Allocation, Statistical Field Theory, Background fields, Collective states, Multi-Agent Model, Interactions.

JEL Classification: B40, C02, C60, E00, E1, G10