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PART A. The Agent-Based Physical Modeling of Market Economic Systems
CHAPTER II. The Constructive Design of the Agent-Based Physical Economic Models
PREVIEW. What is the Physical Economic Model?

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This is the conceptual mathematical dynamic model of the many-agent economic systems in the formal space of the independent variables, prices and quantities, of all the market agents. It is built through a significant analogy with the theoretical physical models of the many-particle systems in real space, but taking consistently into account basic, specific differences in the economic and physical systems. Each model is, in essence, only an imaginary construction, which by no means completely reflects genuine reality. It is, however, capable of describing one or several basic special features of structure or functioning of the market economy in sufficiently strict mathematical language. It was primarily created to provide fresh insight into these features, and, after the addition of another model feature or interaction, to understand, precisely how it influences entire end results.

Probabilistic Economic Theory

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