Every Force in Nature (Theory of Everything, Part III)

In which we explain economic equilibrium, how to make money from nothing, and every fundamental force in physics.

If you'd like to read a (very) rigorous description of gauge theory in economics, check out this paper by Lee Smolin: http://arxiv.org/pdf/0902.4274v1.pdf

And if you're an economist rather than a physicist, check out "The Index Number Problem: A Differential Geometric Approach" by Pia Malaney: http://bit.ly/JKS5lh

minutephysics is now on Google+ - http://bit.ly/qzEwc6
And facebook - http://facebook.com/minutephysics
And twitter - @minutephysics

Minute Physics provides an energetic and entertaining view of old and new problems in physics -- all in a minute!

Music by Nathaniel Schroeder

Thanks to Nima Doroud for contributions and to Perimeter Institute for support.
http://www.perimeterinstitute.ca

• Category

  Science & Technology

[MrXler00]

One does not simply exchanges through Mordor!

[Dashie Dasher]

Minute physics has turned into three minutes economy, two minute physics, one minute links to other videos... And one minute of calm relaxation.

[akbar87]

Yes definitely I agree with you, that is worth a profit. But not everyone is like that. Simply making a profit without any exchange of service (maybe I'm wrong but it does seem to occur a lot). Is that moral?

[Yo5463]

You can think of it this way: The American values the sheep more than the Canadian so he will buy the sheep. But maybe he is too lazy to go to Canada, or doesn't know that sheep are being sold at such price in Canada only. What you do is gathering the information, transporting the sheep and finding the correct customer. That is definitely worth a salary, or in this case, profit.

[Tori Forguson]

Sheep man...

[D.J.L Hayes]

Oh man!!..I gotta start selling sheep!!

[akbar87]

If something is Legal does it make it right though?

[John Sherer]

I'm still processing "we know the universe has matter"

[John Sherer]

Sorry, u talk too fast for me

[Sam Knott]

What is the gauge boson for the other forces?

[FrozenCavermo]

we kind of already heard this in the video, plus this doesn't always happen because the market is always adjusting itself.

[Sam Horler]

Mind=puddle