When quantum economics is introduced as a paradigm, it is done in an attempt to move beyond today’s tremendously outdated economic and political systems. In essence, it involves applying certain principles of quantum physics to present-day society.

The link between quantum physics and economics refers to the study of economic phenomena that can be better explained by the theory of quantum mechanics. This theory is based on the behaviour of subatomic particles and the effects they have on their surroundings. These effects can be used as tools to predict and better understand certain economic phenomena. Quantum theory focuses on the study of the behaviours of, and relationships between, subatomic particles. This is applied to economics by considering the relationship between individuals and markets. For example, it can be used to analyse the way in which the prices of goods adjust to demand, the effect of incentives on decision-making, or the impact of supply and demand on price equilibrium.

Quantum physics can also be used to study certain aspects of human behaviour. For example, it can be employed to study how individuals behave in the market, and how this can influence the way in which prices behave. This can provide a better understanding of certain economic phenomena, such as inflation, unemployment, and the impact of economic policies on the behaviour of prices.

If we cast a glance towards the past, Adam Smith’s capitalism, the quintessential economic model developed in the modern world, was incorporated at a time dominated by modern thought, or Cartesian dualism, which valued both matter and mind. Nevertheless, Adam Smith’s capitalism underwent several modifications; not least, the so-called supply and demand policies emerged, driven by the motivations of governments. In favouring matter and setting mind aside, dualism handed the baton to what is known as postmodern scientific materialism (the supremacy of materialist philosophy).

One important modification was the repositioning of economics within the spectrum of mathematical science. Undoubtedly, this step was, for some authors, one of the causes of the collapses experienced in 2007 and 2009. However much the scientific materialists may insist, human beings are not mechanical machines.

In general, a very important shift is taking place in science, moving from a science based on materialism to a science based on consciousness. That is, moving from the development of the materialist perspective to the quantum perspective, with a clear impact on other sciences such as economics.