Jump to ContentJump to Main Navigation
Econophysics and Physical Economics | Oxford Scholarship Online
Users without a subscription are not able to see the full content.

Econophysics and Physical Economics

Peter Richmond, Jürgen Mimkes, and Stefan Hutzler

Abstract

An understanding of the behaviour of financial assets and the evolution of economies has never been as important as it is today. This book looks at these complex systems from the perspective of the physicist. So-called ‘econophysics’ and its application to finance have made great strides in recent years. Less emphasis has been placed on the broader subject of macroeconomics, and many economics students are still taught traditional neo-classical economics. The reader is given a general primer in statistical physics, probability theory, and use of correlation functions. Much of the mathematics t ... More

Keywords: financial assets, evolution of economies, econophysics, finance, macroeconomics, neo-classical economics, statistical physics, probability theory, correlation functions, Boltzmann and Gibbs

Bibliographic Information

Print publication date: 2013 Print ISBN-13: 9780199674701
Published to Oxford Scholarship Online: December 2013 DOI:10.1093/acprof:oso/9780199674701.001.0001

Authors

Affiliations are at time of print publication.

Peter Richmond, author
Professor of Physics, Department of Physics, Trinity College Dublin

Jürgen Mimkes, author
Professor of Physics, Paderborn University

Stefan Hutzler, author
Associate Professor of Physics, Department of Physics, Trinity College Dublin