Share This Article:

Nature and Development of Econophysics: A Short Report

Full-Text HTML XML Download Download as PDF (Size:38KB) PP. 183-185
DOI: 10.4236/tel.2012.22032    6,113 Downloads   12,038 Views   Citations
Author(s)    Leave a comment


In this work I offer a brief non-technical, but rigorous report of econophysics; starting from the relations between physics and economics, I focus my considerations about the studied problems and the utilized methods, arriving to present an interesting view concerning the present of the discipline and some lines of the current research referred to theoretical physics.

Cite this paper

P. Di Sia, "Nature and Development of Econophysics: A Short Report," Theoretical Economics Letters, Vol. 2 No. 2, 2012, pp. 183-185. doi: 10.4236/tel.2012.22032.


[1] R. N. Mantegna and H. E. Stanley, “An Introduction to Econophysics: Correlations and Complexity in Finance,” Cambridge University Press, Cambridge, 2000.
[2] P. Mirowski, “More Heat than Light: Economics as Social Physics,” Cambridge University Press, Cambridge, 1989. doi:10.1017/CBO9780511559990
[3] J.-P. Bouchaud and R. Cont, “A Langevin Approach to Stock Market Fluctuations and Crashes,” European Physical Journal B, Vol. 6, No. 4, 2002, pp. 543-550. doi:10.1007/s100510050582
[4] D. Sornette, “Why Stock Markets Crash: Critical Events in Complex Financial Systems,” Princeton University Press, Princeton, 2003.
[5] M. Levy and S. Solomon, “New Evidence for the Power-Law Distribution of Wealth,” Physica A, Vol. 242, No. 1, 1997, pp. 90-94. doi:10.1016/S0378-4371(97)00217-3
[6] A. Chatterjee, S. Yarlagadda and B. K. Chakrabarti, Eds., “Econophysics of Wealth Distributions,” Springer, Milan, 2005.
[7] D. Canning, L. A. N. Amaral, Y. Lee, M. Meyer and H. E. Stanley, “Scaling the Volatility of GDP Growth Rates”, Economics Letters, Vol. 60, No. 3, 1998, pp. 335-341. doi:10.1016/S0165-1765(98)00121-9
[8] X. Gabaix, “Zipf’s Law for Cities: An Explanation,” Quarterly Journal of Economics, Vol. 114, No. 3, 1999, pp. 739-767. doi:10.1162/003355399556133
[9] V. Plerou, L. A. N. Amaral, P. Gopakrishnan, M. Meyer and H. E. Stanley, “Similarities between the Growth Dynamics of University Research and of Competitive Economic Activities,” Nature, Vol. 400, 1999, pp. 433-437. doi:10.1038/22719
[10] F. Spitzer, “Random Fields and Interacting Particle Systems,” American Mathematical Society, Providence, 1971.
[11] P. Bak, “How Nature Works: The Science of Self-Organized Criticality,” Copernicus Press for Springer-Ver- lag, New York, 1996.
[12] F. Black and M. Scholes, “The Pricing of Options and Corporate Liabilities,” Journal of Political Economy, Vol. 81, No. 3, 1973, pp. 637-654. doi:10.1086/260062
[13] M. F. M. Osborne, “Brownian Motion in the Stock Market,” Operations Research, Vol. 7, No. 2, 1959, pp. 145- 173. doi:10.1287/opre.7.2.145
[14] L. Walras, “éléments d’économie Politique Pure,” F. Rouge, Lausanne, 1874.
[15] L. Poinsot, “éléments de Statique,” 8th Edition, Bachelier, Paris, 1842.
[16] I. Fisher, “The Theory of Interest,” Augustus M. Kelly, New York, 1930.
[17] J. W. Gibbs, “Elementary Principles of Statistical Me- chanics,” Yale University Press, New Haven, 1902.
[18] P. A. Samuelson, “Foundations of Economic Analysis,” Harvard University Press, Cambridge, 1947.
[19] H. F?llmer, “Random Economies with Many Interacting Agents,” Journal of Mathematical Economics, Vol. 1, No. 1, 1974, pp. 51-62. doi:10.1016/0304-4068(74)90035-4
[20] D. Colander, R. P. F. Holt and J. B. Rosser Jr., “The Changing Face of Economics: Conversations with Cutting Edge Economists,” University of Michigan Press, Ann Arbor, 2004.
[21] S. A. Kauffman, “The Origins of Order: Self-Organization and Selection in Evolution,” Oxford University Press, Oxford, 1993.
[22] H. E. Stanley, “Exotic Statistical Physics: Applications to Biology, Medicine, and Economics,” Physica A, Vol. 285, 2000, pp. 1-17. doi:10.1016/S0378-4371(00)00341-1
[23] V. P. Maslov, “Econophysics. Modern Physics in Search of Economic Theory,” MIFI, Moscow, 2007.

comments powered by Disqus

Copyright © 2017 by authors and Scientific Research Publishing Inc.

Creative Commons License

This work and the related PDF file are licensed under a Creative Commons Attribution 4.0 International License.