The Rise of Econophysics
Classical mechanics provided the conceptual and methodological foundations of neoclassical economics, which has its roots in economic individualism. Since the early twentieth century, statistical mechanics has underpinned a lesser-known approach to economics and finance, one that focuses on aggregates and the interactions between individuals. This has led to the emergence of a new field of research, known as econophysics, which brings to the fore concepts such as emergent properties, power laws, networks, entropy, and multifractality, thereby reshaping economic enquiry.
Product details
- Published: April 2026
- Format: Adobe eBook Reader
- ISBN: 9781009439459
- Length: 0 pages
- Availability: This ISBN is for an eBook version which is distributed on our behalf by a third party.
Table of Contents
- Introduction
- Part I. A Long Road (1896–2000):
- 1. The fundamentals
- 2. Early attempts to use statistical mechanics in economics
- 3. A new discipline on the way
- Part II. 25 Years of Econophysics (1999–2023):
- 4. Econophysics in a scatterplot
- 5. 1999–2007 Macroscopic and microscopic perspectives
- 6. 2008–2012 Distribution centrality
- 7. 2013–2017 Harnessing uncertainty
- 8. 2018–2023 Measuring uncertainty
- Conclusions.
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- Latest accessibility assessment date: 2026-03-25