More broadly, the fundamental principles of quantum physics find application in economy. One of the key principles of quantum mechanics – which deals with physical phenomena at the atomic and subatomic level – is the concept of uncertainty. This principle states that the position and velocity of a subatomic particle cannot be determined simultaneously with complete accuracy. Instead, both are described by a probability distribution function. Also, in economics, there is always uncertainty in the behavior of individuals and the economy as a whole. For example, predicting the future behavior of consumers or investors is always uncertain, and economic models are based on probability distributions that describe the likely behavior of individuals or the economy as a whole. The concept of uncertainty is particularly relevant in the study of financial markets. Financial markets are inherently uncertain, and the behavior of investors is difficult to predict. In the context of financial markets, uncertainty can be seen as a fundamental characteristic of market behavior. By applying the principles of quantum mechanics to financial markets, we can better understand the nature of uncertainty in financial markets

Another principle of quantum mechanics that can be applied to economics is the concept of entanglement. Entanglement refers to the phenomenon where two subatomic particles can become correlated so that the state of one particle is dependent on the other particle’s state. In economics, this can be applied in the context of networks and interdependencies. An economic system often has networks of interdependent individuals or businesses. For example, a supplier of raw materials is dependent on the demand from manufacturers who use those materials to make their products. Therefore, if the demand from the manufacturers decreases, it will affect the supplier’s business. Similarly, the behavior of one investor can influence the behavior of other investors in the same market.

This interconnectedness and interdependence of individuals and businesses in an economic system can be thought of as an economic entanglement. The concept of entanglement can also be instrumental in understanding the behavior of financial markets.

Financial markets are highly interconnected, and the behavior of one market participant can influence the behavior of other market participants. By applying the principles of entanglement to financial markets, we can better understand the interdependencies and correlations between different market participants.

A third principle of quantum mechanics that can be applied to economics is the concept of superposition. Superposition refers to the idea that a subatomic particle can exist in multiple states at the same time. In economics, this principle can be used to describe the behavior of investors or consumers who may have multiple options or choices available to them. For example, an investor may be considering multiple investment options, such as stocks, bonds, or real estate. The investor may be in a state of superposition where they are considering all of these options simultaneously. It is only when the investor makes a decision that they collapse the superposition and choose a single option. The concept of superposition can also help understand consumer behavior. Consumers often face multiple choices, making their behavior difficult to predict. By applying the principles of superposition to consumer behavior, we can better understand consumers’ decision-making process and how they ultimately make their choices.

Within the category Quantum finance, we have many overlaps to the category of Quantum Economics yet defined by the Quantum Economy as a more detailed and specific intersection of quantum mechanics and finance. It seeks to apply the principles of quantum mechanics to financial problems, with the goal of developing new models and techniques for analyzing financial markets, managing risk, and optimizing investment strategies.

One key area of focus in quantum finance is the use of quantum computing to solve financial problems that are beyond the capabilities of classical computers. For example, quantum computers could be used to perform large-scale simulations of financial markets, enabling investors to more accurately predict the behavior of stocks, bonds, and other financial instruments. They could also be used to optimize investment portfolios, by quickly identifying the best mix of assets to achieve a desired level of risk and return.

Another area of interest in quantum finance is the development of new algorithms and methods for performing financial calculations. For example, researchers are exploring the use of quantum-inspired algorithms, which are based on the principles of quantum mechanics but can be run on classical computers, to solve complex optimization and portfolio management problems.

In addition to these technical advances, quantum finance is also exploring new ways of thinking about financial markets and risk. For example, some researchers are exploring the use of quantum probability theory, which is based on the idea that probabilities are represented by complex numbers, to model financial uncertainty in a more nuanced and accurate way than traditional probability theory.

When it comes to Quantum money we look at a more theoretical form of the development of a currency – or the future of currencies –  designed to be completely secure against counterfeiting, thanks to the laws of quantum mechanics. The basic idea is to use quantum states as a way of encoding information on a banknote or other physical object, making it impossible for anyone to copy or replicate the quantum state without destroying the original.

There are several different proposals for how quantum money could work, but they all rely on the idea of encoding information in the properties of quantum particles. For example, one approach is to use a banknote that contains a sequence of photons with randomly chosen polarization states. The banknote would have a unique quantum state that is nearly impossible to replicate, since any attempt to copy the state would cause it to collapse and become unreadable.

The advantage of quantum money is that it would be completely secure against counterfeiting, even by an adversary with unlimited computing power. However, there are many practical challenges that would need to be overcome before quantum money could become a reality, such as the difficulty of storing and manipulating quantum states on a large scale. As a result, quantum money is still largely a theoretical concept, and it remains to be seen whether it will ever be practical to implement in the real world. In this field we also take a closer look at how the value of money changes based on technological innovation, and how money changes itself. We link this to the development from the blockchain space and look at projects built around digital currencies? We here look to examine how society can be positively influenced and thus have positive progress for humanity built around the technology of money? And we also look at the implications of this, what it means for the value of future goods and transactions.