More a market is liquid most operations are fast and intense exchanges

Constantly, we are talking about liquidity, liquidations, or liquid market. For a long time already, as soon as it evokes the "liquid", thought kickbacks, bakchichs, silver black, movement of species for trafficking and corruption. But, generally, this term is used without thinking, without taking the time to dwell on the metaphor that supports. Why liquid In what sense To what effect Edmond Goblot (1893-1935), professor who had his quarter hour of celebrity in the French University, used this formula: "philosophers say there thinking that everyone says without thinking."Try to.

In physics, while solids have fixed contours and stable shapes, liquids, it is their fluidity, their ability to marry the contours of the containers. A lower binding of molecules gives them this plasticity which solids are lacking. Nothing surprising, therefore, that it could appoint "liquid" all had become "clear and plain", as the old clerics, hear: free of any relationship, released from its debts, undertakings, mortgages, of any form of detention. "Liquid" is a capital to invest instantly, to be sent or spent without delay or stress, possibly without control. Gold coins or bank notes was a long time his main incarnation, before that they cede the place e-money.

In fact, all the economic meanings derive from the initial metaphor: fluidity of contours, freedom of the elements. More a market is "liquid", most operations are fast and intense exchanges. However, there are limits: "liquidate", it also put an end to existing commitments. Thus, on liquid a succession by sharing assets, and a case between liquidation, as a result of bankruptcy, when it closed its accounts. It then leads to a definition of the economy which is ultimately no surprise: it must be necessarily liquid (if not everything is frozen, and no Exchange), and on the other hand his movement can never stop. In sum, part is played between "be liquid" - where it all begins - and "being wound up" - where everything stops.

If we think about other liquids, those of the Organization, it will be seen that the metaphor is decidedly rich. Because these "moods" of classical medicine keep the body alive, do grow and prosper, as financial flows, liquidity do for economic organisation. At least when all goes normally. Because it is likely that an imbalance of the humours degenerates into disease, just as liquidity problems cause pathologies we know.

Where are these anomalies Sketch out a hypothesis, at first glance wacky: would it be possible that overheating of the financial operations, in recent years, has led the cash to... gaseous state This seems to be a play on words, illusory and without scope. Perhaps should be, however, that experts are considering these potential parallels between limbered molecules and floating capital, between gas diffusion and globalization of the capital, between molecules fog and clouds of transactions.

Perhaps, in this hypothesis, see finally assets securitised and aerosol rather than cash. The physics of gases and the financial economy, Brownian motions, Kinetics laws, continuing shocks, statistical approaches of phenomena suggest possible convergences. Should be seriously suggest to economists to dive into the "lessons on the theory of gases", Boltzmann (1902), to see if they can learn something Could we therefore, from this bizarre idea that liquidity is perhaps to the gaseous state, build something Probably nothing solid.