Statistical Physics and Economics

Concepts, Tools, and Applications

By:

Michael Schulz

Format:

Paperback / softback

Series:

Springer Tracts in Modern Physics

Show Hide Adult Content

$403.99

RRP:: ~~$475.95~~ save $71.96

Available from supplier

Usually ships in 3-4 weeks

0 in Trolley

Price Match

Wrap this item as a gift ($5.90) - add a free gift card on the next page

Buy Now, Pay Later with:

4 payments of $101.00 with Afterpay Learn more

Availability

Delivering to:

Estimated arrival:

Around 18-28 June using International Courier

Description

Econophysics describes phenomena in the development and dynamics of economic systems by using of a physicMly motivated methodology. First of all, Mandelbrot had analyzed economic and social relations in terms of modern statistical physics. Since then, the number of publications related to this topic has increased irresistible greatly. To be fair to this historical evolution, I point out, however, that physical and economic concepts had already been connected long ago. Terms such as work, power, and efficiency factor have similar physical and economic meanings. Many physical discoveries for instance in thermodynamics, optics, solid state physics, or chemical physics correspond to a parallel evolution in the fields of technology and economics. The term econophysics, or social physics, also is not a recent idea. For ex ample, in the small book Sozialphysik published in 1925 [221], R. L£mmel demonstrates how social and economic problems can be understood by applying simple physical relations. Of course, the content of early social physics and the topics of modern econophysics are widely different. Nevertheless, the basic idea (i.e., the description and the explanation of economic phenomena in terms of a physical theory) did not change over the whole time. At this point, an important warning should be pronounced.

Release date Australia

December 14th, 2011

Author

Michael Schulz

Audience

Professional & Vocational

Edition

Softcover reprint of the original 1st ed. 2003

Illustrations

1 Illustrations, black and white; XI, 246 p. 1 illus.

Pages

246

Series

Springer Tracts in Modern Physics

Dimensions

156x234x13

ISBN-13

9781441918123

Product ID

8938475

Customer reviews

Nobody has reviewed this product yet. You could be the first!

Write a Review

Marketplace listings

There are no Marketplace listings available for this product currently.
Already own it? Create a free listing and pay just 9% commission when it sells!

Sell Yours Here