In hmolscience, financial temperature, in financial thermodynamics, is the measurement of the temperature of a house, body, business or system proportional to the number of expensive states, seats, or positions occupied by the people or human molecules of each system, such that more expensive positions, such as front row seats at a show, correspond with states of greater molecular energy.
Overview
In 1946, English thermodynamicist Alfred Ubbelohde gave a "cinema example" to explain equilibrium, statistical mechanics, microstates, and molecular energy, and temperature is the variations in the cost of seats at a city movie theater. To quote: [1]
“Another aspect of city life, which bears an even closer relation to the rather abstruse calculations of statistical mechanics, is presented by a cinema giving a continuous show of a fairly popular film, so that the theatre is never quite full.
At any there will be certain number of people in the one-and-threepennies, and the two-and-threepennies, and even in the four-and sixpennies. The way in which the number of people, and their distribution in the different price categories, maintains itself without over-riding instructions from anyone, is usually far too complex to work out scientifically in terms of the life-histories of individuals. Brown might be treating himself to an expensive seat, because he is a bachelor and has been successful in his business. Jones might take his girl to the same category of seats at the early stages of their courtship to impress her, and might move into cheaper seats later on.
Yet in spite of individual variations of great complexity, with a given number of people in the house their distribution amongst the seats will show only small fluctuations about an average occupation of seats, and this average distribution must in fact be known with fair accuracy by enterprising managers. This average distribution of patrons in a cinema not quite full might be called the most probable distribution, and since it is not much affected by individual comings and goings, the state or degree of occupation of the cinema can be described as in statistical equilibrium. As more people occupy the more expensive seats the financial temperature of the house may be said to rise; actually this parallel gives quite a good idea of the effect of increasing the temperature of an assemblage of molecules. The more expensive seats correspond with states of greater molecular energy.”
The question we must ask, in modern 21st century parlance, knowing that humans are indeed molecules, is does this model give an accurate depiction of molecular energy of the various human molecules involved, such that the distribution of filled seats gives a reading of temperature or rather financial temperature?
In 1972 issue of New Scientist the anonymous writer Daedalus outlined some basics of a theory of financial temperature: [2]
“This week my fiscothermal friend Daedalus continues his exposition of the thermodynamics of money, regarding it as a heat-like entity whose concentration determines a financial temperature.”
Here, in summary, financial temperature is posited to be measured by money or the concentration of money, in some way, in which money is to be viewed as a heat-like entity or secondary field particle in modern physics parlance. [3]
In 2001, Lowell Getz argues that there are ways to check a firm’s financial temperature and that this gives a reading of the health of the firm, so to speak. [4]
In his 2006 book The Psychology of Selling, Brian Tracy argues that each person has a income thermostat that determines each person’s financial temperature. [5]
In 2009, Fred Steingold argued that the financial temperature of a small business can be gauged by factors such as debt-to-equity ratio or rate of collection on receivables. [6]
See also
● Economic temperature
● Social temperature
● Sexual temperature
References
1. Ubbelohde, Alfred. (1947). Time and Thermodynamics (pg. 47). Oxford University Press.
2. Staff. (1972). “Ariadne”, New Scientist (pg. 232), Apr 27.
3. Thims, Libb. (2007). Human Chemistry (Volume One) , (preview), (pg. 202-03). Morrisville, NC: LuLu.
4. Demkin, Joseph A. (2001). The Architect’s Handbook of Professional Practice (8.1: “Financial Systems” by Lowell Getz, pgs. 183-). John Wiley and Sons.
5. Tracy, Brian. (2006). The Psychology of Selling (pg. 12). Thomas Nelson Inc.
6. Steingold, Fred. (2009). Legal Guide for Starting and Running a Small Business (pg. 385). Nolo.
