Economics: The next physical science?

Details Economics: The next physical science? Economics: The next physical science?

2005-06-09

arxiv.org/abs/physics/0506086v1

Physics

Physics and Society

9 pages, 6 figures, to appear in Physics Today

Scientific paper

We review an emerging body of work by physicists addressing questions of economic organization and function. We suggest that, beyond simply employing models familiar from physics to economic observables, remarkable regularities in economic data may suggest parts of social order that can usefully be incorporated into, and in turn can broaden, the conceptual structure of physics.

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