The Rise of Econophysics : A Connected History of Two Disciplines
Book Details
Format
Hardback or Cased Book
Book Series
Elements in Econophysics
ISBN-10
1009671456
ISBN-13
9781009671453
Publisher
Cambridge University Press
Imprint
Cambridge University Press
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Apr 30th, 2026
Print length
84 Pages
Weight
259 grams
Dimensions
22.90 x 15.20 x 0.60 cms
Ksh 10,050.00
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An 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.
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.
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