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Statistical Physics And Economics: Concepts, Tools, And Applications

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Item specifics

Condition
Brand New: A new, unread, unused book in perfect condition with no missing or damaged pages. See the ...
Book Title
Statistical Physics And Economics: Concepts, Tools, And Appl...
ISBN
9781441918123
Publication Name
Statistical Physics and Economics : concepts, Tools, and Applications
Item Length
9.3in
Publisher
Springer New York
Series
Springer Tracts in Modern Physics Ser.
Publication Year
2011
Type
Textbook
Format
Trade Paperback
Language
English
Item Height
0.2in
Author
Michael Schulz
Item Width
6.1in
Item Weight
14.4 Oz
Number of Pages
Xi, 246 Pages

About this product

Product Information

Econophysics describes phenomena in the development and dynamics of economic systems by using of a physicMly motivated methodology. First of all, Mandelbrot had analyzed economic and social relations in terms of modern statistical physics. Since then, the number of publications related to this topic has increased irresistible greatly. To be fair to this historical evolution, I point out, however, that physical and economic concepts had already been connected long ago. Terms such as work, power, and efficiency factor have similar physical and economic meanings. Many physical discoveries for instance in thermodynamics, optics, solid state physics, or chemical physics correspond to a parallel evolution in the fields of technology and economics. The term econophysics, or social physics, also is not a recent idea. For ex ample, in the small book Sozialphysik published in 1925 [221], R. L£mmel demonstrates how social and economic problems can be understood by applying simple physical relations. Of course, the content of early social physics and the topics of modern econophysics are widely different. Nevertheless, the basic idea (i.e., the description and the explanation of economic phenomena in terms of a physical theory) did not change over the whole time. At this point, an important warning should be pronounced.

Product Identifiers

Publisher
Springer New York
ISBN-10
1441918124
ISBN-13
9781441918123
eBay Product ID (ePID)
117302388

Product Key Features

Author
Michael Schulz
Publication Name
Statistical Physics and Economics : concepts, Tools, and Applications
Format
Trade Paperback
Language
English
Series
Springer Tracts in Modern Physics Ser.
Publication Year
2011
Type
Textbook
Number of Pages
Xi, 246 Pages

Dimensions

Item Length
9.3in
Item Height
0.2in
Item Width
6.1in
Item Weight
14.4 Oz

Additional Product Features

Series Volume Number
184
Number of Volumes
1 Vol.
Lc Classification Number
Qa269-272
Table of Content
Economy and Complex Systems.- Evolution and Probabilistic Concepts.- Financial Markets.- Economic Systems.- Computer Simulations.- Forecasting.
Copyright Date
2003
Topic
Game Theory, System Theory, Applied, Statistics, Physics / Mathematical & Computational
Dewey Decimal
539 S 330/.01/519
Intended Audience
Scholarly & Professional
Dewey Edition
21
Illustrated
Yes
Genre
Business & Economics, Science, Mathematics

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