Related papers: Economics: The next physical science?
The paper present one of attempts to apply the thermodynamics laws to economics. Introducing common thermodynamic parameters and considering world economics as a one macrosystem, authors demonstrate the possible consequences of entropy…
Scientists often think of the world (or some part of it) as a dynamical system, a stochastic process, or a generalization of such a system. Prominent examples of systems are (i) the system of planets orbiting the sun or any other classical…
Increasingly, a huge amount of statistics have been gathered which clearly indicates that income and wealth distributions in various countries or societies follow a robust pattern, close to the Gibbs distribution of energy in an ideal gas…
The existence of the Herman ring of a function adds interest and complexity to the dynamics of the function. We present a detailed and understandable summary of the core discoveries and recent developments on the Herman ring of rational and…
In physics, there is the prevailing intuition that we are part of a unique external world, and that the goal of physics is to understand and describe this world. This assumption of the fundamentality of objective reality is often seen as a…
Contrary to claims about the irrelevance of philosophy for science, I argue that philosophy has had, and still has, far more influence on physics than is commonly assumed. I maintain that the current anti-philosophical ideology has had…
The role of mathematics in physical sciences is discussed, particularly how higher mathematics found applications in empirical problems. Several examples are given to illustrate this role.
General equilibrium equations in economics play the same role with many-body Newtonian equations in physics. Accordingly, each solution of the general equilibrium equations can be regarded as a possible microstate of the economic system.…
Many have wondered how mathematics, which appears to be the result of both human creativity and human discovery, can possibly exhibit the degree of success and seemingly-universal applicability to quantifying the physical world as…
Differentiable physics provides a new approach for modeling and understanding the physical systems by pairing the new technology of differentiable programming with classical numerical methods for physical simulation. We survey the rapidly…
In complex systems, many different parts interact in non-obvious ways. Traditional research focuses on a few or a single aspect of the problem so as to analyze it with the tools available. To get a better insight of phenomena that emerge…
This book is devoted to an informal discussion of patterns constructed for treating physical problems. Such patterns, when sufficiently formalized, are usually referred as "models", and tents to be applied not only in physics, but conquer…
It appears paradoxical that science is producing outstanding new results and theories at a rapid rate at the same time that researchers are identifying serious problems in the practice of science that cause many reports to be irreproducible…
Web emerged as an antidote to the rapidly increasing quantity of accumulated knowledge and become successful because it facilitates massive participation and communication with minimum costs. Today, its enormous impact, scale and dynamism…
A non-technical argument is presented that there is a link between the mind and the physical world in modern physics. Special relativity, general relativity, quantum mechanics, statistical mechanics, and other areas of physics are explored.…
A dynamic model of the social relations between workers and capitalists is introduced. The model is deduced from the assumption that the law of value is an organising principle of modern economies. The model self-organises into a dynamic…
Neutrinos, and primarily neutrino oscillations, have undoubtedly been one of the most exciting topics in the field of high-energy physics over the past few years. The existence of neutrino oscillations would require an extension of the…
The field of Financial Networks is a paramount example of the novel applications of Statistical Physics that have made possible by the present data revolution. As the total value of the global financial market has vastly outgrown the value…
Some basic sociophysical notions are described by a physicist, tentatively for a sociologically-oriented reader.
Containing the spreading of crime in urban societies remains a major challenge. Empirical evidence suggests that, left unchecked, crimes may be recurrent and proliferate. On the other hand, eradicating a culture of crime may be difficult,…