Related papers: Eco - No(?) - Physics - comments and reflexions -
Physics is considered as one of the most prevailing and problematic subjects by the students in the realm of science. Students perceived physics as a difficult subject during high school days and become more evasive when they reach college.…
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…
We consider demand-side economy. Using Caratheodory's approach, we define empirical existence of equation of state (EoS) and coordinates. We found new insights of thermodynamics EoS, the {\it effect structure}. Rules are proposed as…
Along with weaving together observations, experiments, and theoretical constructs into a coherent mesh of understanding of the world around us, physics over its past five centuries has continuously refined the base concepts on which the…
Physics as a discipline embeds conceptual meaning about the physical world in mathematical formalism. The meaning associated with mathematical symbols depends on context, and physicists can shift conceptual meaning by manipulating those…
The standard presentation of the principles of quantum mechanics is critically reviewed both from the experimental/operational point and with respect to the request of mathematical consistency and logical economy. A simpler and more…
Econophysics is a new research field, which makes an attempt to bring economics in the fold of natural sciences or specifically attempts for a "physics of economics". The term Econophysics was formally born in Kolkata in 1995. The entry on…
Almost all theories of physics have expressed physical laws by means of differential equations. One can ask: why differential equations? What is special about them? This article addresses these questions and is presented as an inquiry-based…
Some personal reflections on the past and future of "econophysics", to appear in Europhysics News
Being mathematics a natural language to Mankind and to physics, it must be constantly adapted to our necessities and our natural perception. Then, mathematical concepts are not absolute to reality. Although mathematical theories are…
In this paper, we argue that there are foundational dilemmas in theoretical physics related to the concept of reality and the nature of mathematics in physics. Physical theory is treated as a conceptual organism which develops under the…
Econophysics has developed as a research field that applies the formalism of Statistical Mechanics and Quantum Mechanics to address Economics and Finance problems. The branch of Econophysics that applies of Quantum Theory to Economics and…
I give an overview of the topic of this special issue, the applications of (statistical) physics to social sciences at large. I discuss several examples of simple social models put forward by physicists and discuss their interest. I argue…
The author solves two problems: formation of object of econophysics, creation of the general theory of financial-economic monitoring. In the first problem he studied two fundamental tasks: a choice of conceptual model and creation of…
Physics community is generally concerned about the decrease in Physics enrollment. Due to the deficiency of specially qualified Physics teachers, high school Physics is sometimes taught by general science teachers who may not be trained to…
An axiomatic approach to macroeconomics based on the mathematical structure of thermodynamics is presented. It deduces relations between aggregate properties of an economy, concerning quantities and flows of goods and money, prices and the…
A major question in philosophy of science involves the unreasonable effectiveness of mathematics in physics. Why should mathematics, created or discovered, with nothing empirical in mind be so perfectly suited to describe the laws of the…
The key difference between math as math and math in science is that in science we blend our physical knowledge with our knowledge of math. This blending changes the way we put meaning to math and even to the way we interpret mathematical…
At many physics departments a significant fraction of teaching is in support of engineers and scientists in other majors. These service courses are thus an automatic crucible of interdisciplinary interaction, and at times, strife. For…
The job of a physicist is to describe Nature. General features, hypotheses and theories help to describe physics phenomena at a more abstract, fundamental level, and are sometimes tacitly assigned some sort of real existence; doing so…