The Rise of Econophysics
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The Rise of Econophysics
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See moreAn exploration of 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.
Aggregates, emergent properties and complexity are at the heart of econophysics, an approach to economics and finance based on statistical mechanics.
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.
In The Rise of Econophysics, Gianfranco Tusset explores this fascinating new discipline that emphasizes the importance of interconnectedness and complex systems in economic thought.
Series: Elements in Econophysics
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INFORMATION
ISBN: 9781009439435
Publisher: Cambridge University Press
Format: Paperback / softback
Date Published: 30 April 2026
Country: United Kingdom
Imprint: Cambridge University Press
Illustration: Worked examples or Exercises
Audience: General / adult
DIMENSIONS
Weight: 136g
Pages: 84
Also by Gianfranco Tusset
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