Related papers: Eco - No(?) - Physics - comments and reflexions -
No-go theorems have played an important role in the development and assessment of scientific theories. They have stopped whole research programs and have given rise to strong ontological commitments. Given the importance they obviously have…
Econophysics is a science in its infancy, born about ten years ago at this time of writing, at the crossing roads of physics, mathematics, computing and of course economics and finance. It also covers human sciences, because all economics…
Most people agree that human activities are consistent with physical laws. One may naturally think that sensible economic theories can be derived from physical laws and evolutionary principles. This is indeed the case. In this paper, we…
The purpose of this paper is to provide a confession of sorts from an economist to political science and philosophy. A confession of the weaknesses of the political position of the economist. It is intended as a guide for political…
Physics has a bad press: it is seen by a majority of people as a boring discipline ever since their High School days. There is no glamour to it, just toil and pain, and for many who engaged in it, the end sight is often unemployment. Could…
Environmental Education (EE) is vital for shaping citizens who understand and value sustainability as an epistemological and practical alternative to mitigate current environmental issues. This research was prompted by the exploration of…
It is a quite common view among people, that are not aware of the developments in modern physics, that it is part of human nature to substitute religious faith in places where there is no knowledge. Therefore, an increase in knowledge would…
This paper argues for the following three theses: (1) There is a clear reason to prefer physical theories with deterministic dynamical equations: such theories are maximally rich in information and usually also maximally simple. (2) There…
The quantitative aspirations of economists and financial analysts have for many years been based on the belief that it should be possible to build models of economic systems - and financial markets in particular - that are as predictive as…
All sciences need and many arts apply mathematics whereas mathematics seems to be independent of all of them, but only based upon logic. This conservative concept, however, needs to be revised because, contrary to Platonic idealism…
Teaching physics to biologists requires far more than making the course for engineers mathematically less rigorous and adding in a few superficial biological problems. What is needed is for physicists to work closely with biologists to…
This article is a response to the recent Worrying Trends in Econophysics critique written by four respected theoretical economists. Two of the four have written books and papers that provide very useful critical analyses of the shortcomings…
For this special issue, the article aims at discussing a few econophysics problems studied so far rather successfully. The following "applications" in micro-econo-physics are considered : (i) financial crashes; it is emphasized that one can…
Socio-economic inequalities are manifested in different aspects of our social life. We discuss various aspects, beginning with the evolutionary and historical origins, and discussing the major issues from the social and economic point of…
Pre-college mathematics modeling instruction often frames mathematics as being separated from reasoning about the real world -- and commonly treats reasoning mathematically and reasoning about the real-world context as separate stages of a…
The ongoing progress in quantum theory emphasizes the crucial role of the very basic principles of quantum theory. However, this is not properly followed in teaching quantum mechanics on the graduate and undergraduate levels of physics…
This is a review about financial dependencies which merges efforts in econophysics and financial economics during the last few years. We focus on the most relevant contributions to the analysis of asset markets' dependencies, especially…
We acuminate the idea of a final theory of physics in order to analyze its logical implications and consequences. It is argued that the rationale of a final theory is the principle of sufficient reason. This implies that a final theory of…
This work deals with the new, relativistic direction in quantum econophysics, within the bounds of which a change of the classical paradigms in mathematical modelling of socio-economic system is offered. Classical physics proceeds from the…
Mathematics is an essential element of physics problem solving, but experts often fail to appreciate exactly how they use it. Math may be the language of science, but math-in-physics is a distinct dialect of that language. Physicists tend…