Related papers: Econophysics: A new discipline
The origins of Sociophysics are discussed from a personal testimony. I trace back its history to the late seventies. My twenty years of activities and research to establish and promote the field are reviewed. In particular the conflicting…
Biological systems are influenced by fluid mechanics at nearly all spatiotemporal scales. This broad relevance of fluid mechanics to biology has been increasingly appreciated by engineers and biologists alike, leading to continued expansion…
The observational evidence for the recent acceleration of the universe demonstrates that canonical theories of cosmology and particle physics are incomplete (or possibly incorrect) and that new physics is out there, waiting to be…
The status of the sociophysics is discussed as placed between the physics and the sociology. In particular we ask if the second law of thermodynamics can be useful in social sciences.
This article describes the successful revitalization of an undergraduate physics program. The areas of curriculum development, undergraduate research experiences and advising and retention, to name a few, are emphasized in this…
Macroeconomics essentially discusses macroeconomic phenomena from the perspectives of various schools of economic thought, each of which takes different views on how macroeconomic agents make decisions and how the corresponding markets…
The use of equilibrium models in economics springs from the desire for parsimonious models of economic phenomena that take human reasoning into account. This approach has been the cornerstone of modern economic theory. We explain why this…
This article has one single purpose: introduce a new and simple, yet highly insightful approach to capture, fully and quantitatively, the dynamics of the circular flow of income in economies. The proposed approach relies mostly on basic…
The cost of the impacts of climate change have already proven to be larger than previously believed. Understanding the costs and benefits of adapting to the changing climate is necessary to make targeted and appropriate investment…
The past few years have seen several breakthroughs in particle astrophysics and cosmology. In several cases, new observations can only be explained with the introduction of new fundamental physics. In this talk I summarize some of these…
The dramatic confrontation between new observations and theories of the early and recent universe makes cosmology one of the most rapidly advancing fields in the physical sciences. The universe is a unique laboratory in which to probe…
We review the possibilities and difficulties for statistical physicists if they apply their methods to biology, economics, or sociology.
In this paper we attempt to introduce an econophysics approach to evaluate some aspects of the risks in financial markets. For this purpose, the thermodynamical methods and statistical physics results about entropy and equilibrium states in…
The 'Discussion & Debate' issue of this Euro. Phys. J. Special Topic volume is: 'Can economics be a Physical Science?' I would rather address a more general question: 'Can economics or sociology avoid joining Natural Science?' and argue…
Physics education research has probed for the relevance of physics in students' everyday lives. Attitudinal and epistemological surveys have asked students if they think of or use physics in their daily lives. We have previously documented…
Accuracy of economic theories and efficiency of economic policy strictly depend on the choice of the economic variables and processes mostly liable for description of economic reality. That states the general problem of assessment of any…
I argue that the current financial crisis highlights the crucial need of a change of mindset in economics and financial engineering, that should move away from dogmatic axioms and focus more on data, orders of magnitudes, and plausible,…
One of the fundamental questions in science is how scientific disciplines evolve and sustain progress in society. No studies to date allows us to explain the endogenous processes that support the evolution of scientific disciplines and…
As 2005, the International Year of Physics, comes to an end, two physicists working primarily in geophysical research reflect on how geophysics is not an applied physics. Although geophysics has certainly benefited from progress in physics…
Decision-makers abhor uncertainty, and it is certainly true that the less there is of it the better. However, recognizing that uncertainty is part of the equation, particularly for deciding on environmental policy, is a prerequisite for…