The Rise of Econophysics

Name: The Rise of Econophysics
Price: 145.57 AUD
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ISBN: 9781009671453

A Connected History of Two Disciplines

Gianfranco Tusset (University of Padua)

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Hardback

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English

Cambridge University Press
30 April 2026

Economic theory & philosophy; Econometrics; Economic statistics; Economic history; Finance & accounting

Series: Elements in Econophysics

Classical mechanics provided the conceptual and methodological foundations of neoclassical economics, which has its roots in economic individualism. Since the early twentieth century, statistical mechanics has underpinned a lesser-known approach to economics and finance, one that focuses on aggregates and the interactions between individuals. This has led to the emergence of a new field of research, known as econophysics, which brings to the fore concepts such as emergent properties, power laws, networks, entropy, and multifractality, thereby reshaping economic enquiry.

By: Gianfranco Tusset (University of Padua)
Imprint: Cambridge University Press
Country of Publication: United Kingdom
Weight: 259g
ISBN: 9781009671453
ISBN 10: 1009671456
Series: Elements in Econophysics
Pages: 84
Publication Date: 30 April 2026
Audience: General/trade , ELT Advanced
Format: Hardback
Publisher's Status: Active

Introduction; Part I. A Long Road (1896–2000): 1. The fundamentals; 2. Early attempts to use statistical mechanics in economics; 3. A new discipline on the way; Part II. 25 Years of Econophysics (1999–2023): 4. Econophysics in a scatterplot; 5. 1999–2007 Macroscopic and microscopic perspectives; 6. 2008–2012 Distribution centrality; 7. 2013–2017 Harnessing uncertainty; 8. 2018–2023 Measuring uncertainty; Conclusions.