Econophysics: historical perspectives

Details Econophysics: historical perspectives Econophysics: historical perspectives

2008-02-11

arxiv.org/abs/0802.1416v1

Economy

Quantitative Finance

General Finance

7 pages

Scientific paper

Econophysics embodies the recent upsurge of interest by physicists into financial economics, driven by the availability of large amount of data, job shortage in physics and the possibility of applying many-body techniques developed in statistical and theoretical physics to the understanding of the self-organizing economy. This brief historical survey emphasizes that Econophysics has many historical precursors, and is in fact rooted in a continuous cross-fertilization between economics and physics that has been active in the last centuries.

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