Klappentext

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.

Inhalt

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.