Classical Econophysics

This monograph examines the domain of classical political economy using the methodologies developed in recent years both by the new discipline of econo-physics and by computing science. This approach is used to re-examine the classical subdivisions of political economy: production, exchange, distribution and finance. The book begins by examining the most basic feature of economic life – production – and asks what it is about physical laws that allows production to take place. How is it that human labour is able to modify the world? It looks at the role that information has played in the process of mass production and the extent to which human labour still remains a key resource. The Ricardian labour theory of value is re-examined in the light of econophysics, presenting agent based models in which the Ricardian theory of value appears as an emergent property. The authors present models giving rise to the class distribution of income, and the long term evolution of profit rates in market economies. Money is analysed using tools drawn both from computer science and the recent Chartalist school of financial theory. Covering a combination of techniques drawn from three areas, classical political economy, theoretical computer science and econophysics, to produce models that deepen our understanding of economic reality, this new title will be of interest to higher level doctoral and research students, as well as scientists working in the field of econophysics.

Produk Detail:

  • Author : Allin F. Cottrell
  • Publisher : Routledge
  • Pages : 384 pages
  • ISBN : 1134020759
  • Rating : 4/5 from 21 reviews
CLICK HERE TO GET THIS BOOKClassical Econophysics

Classical Econophysics

Classical Econophysics
  • Author : Allin F. Cottrell,Paul Cockshott,Gregory John Michaelson,Ian P. Wright,Victor Yakovenko
  • Publisher : Routledge
  • Release : 02 June 2009
GET THIS BOOKClassical Econophysics

This monograph examines the domain of classical political economy using the methodologies developed in recent years both by the new discipline of econo-physics and by computing science. This approach is used to re-examine the classical subdivisions of political economy: production, exchange, distribution and finance. The book begins by examining the most basic feature of economic life – production – and asks what it is about physical laws that allows production to take place. How is it that human labour is able to

Introduction to Econophysics

Introduction to Econophysics
  • Author : Rosario N. Mantegna,H. Eugene Stanley
  • Publisher : Cambridge University Press
  • Release : 13 November 1999
GET THIS BOOKIntroduction to Econophysics

This book concerns the use of concepts from statistical physics in the description of financial systems. The authors illustrate the scaling concepts used in probability theory, critical phenomena, and fully developed turbulent fluids. These concepts are then applied to financial time series. The authors also present a stochastic model that displays several of the statistical properties observed in empirical data. Statistical physics concepts such as stochastic dynamics, short- and long-range correlations, self-similarity and scaling permit an understanding of the global

Econophysics

Econophysics
  • Author : Gheorghe Săvoiu
  • Publisher : Academic Press
  • Release : 24 May 2022
GET THIS BOOKEconophysics

The remarkable evolution of econophysics research has brought the deep synthesis of ideas derived from economics and physics to subjects as diverse as education, banking, finance, and the administration of large institutions. The original papers in this collection present a broad summary of these advances, written by interdisciplinary specialists. Included are studies on subjects in the development of econophysics; on the perspectives offered by econophysics on large problems in economics and finance, including the 2008-9 financial crisis; and on higher

Econophysics of Wealth Distributions

Econophysics of Wealth Distributions
  • Author : Arnab Chatterjee,Sudhakar Yarlagadda,Bikas K. Chakrabarti
  • Publisher : Springer Science & Business Media
  • Release : 25 June 2007
GET THIS BOOKEconophysics of Wealth Distributions

We all know the hard fact: neither wealth nor income is ever uniform for us all. Justified or not, they are unevenly distributed; few are rich and many are poor! Investigations for more than hundred years and the recent availability of the income distribution data in the internet (made available by the finance ministries of various countries; from the tax return data of the income tax departments) have revealed some remarkable features. Irrespective of many differences in culture, history, language

Econophysics

Econophysics
  • Author : Sitabhra Sinha,Arnab Chatterjee,Anirban Chakraborti,Bikas K. Chakrabarti
  • Publisher : John Wiley & Sons
  • Release : 22 November 2010
GET THIS BOOKEconophysics

Filling the gap for an up-to-date textbook in this relatively new interdisciplinary research field, this volume provides readers with a thorough and comprehensive introduction. Based on extensive teaching experience, it includes numerous worked examples and highlights in special biographical boxes some of the most outstanding personalities and their contributions to both physics and economics. The whole is rounded off by several appendices containing important background material.

Econophysics of Markets and Business Networks

Econophysics of Markets and Business Networks
  • Author : Arnab Chatterjee,Bikas K. Chakrabarti
  • Publisher : Springer Science & Business Media
  • Release : 06 November 2007
GET THIS BOOKEconophysics of Markets and Business Networks

Econophysics research studies, which apply methods developed by physicists to solve problems in economics, enable you to deepen your understanding of what financial systems are and how they operate. Articles in this book identify and explain the statistical behavior of the underlying networks in trading, banking, and stock markets as well as other financial systems. Authors also debate the latest issues arising from these econophysics studies.

Econophysics of Stock and other Markets

Econophysics of Stock and other Markets
  • Author : Arnab Chatterjee,Bikas K. Chakrabarti
  • Publisher : Springer Science & Business Media
  • Release : 31 December 2007
GET THIS BOOKEconophysics of Stock and other Markets

This book reviews the latest econophysics researches on the fluctuations in stock, forex and other markets. The statistical modeling of markets, using various agent-based game theoretical approaches, and their scaling analysis have been discussed. The leading researchers in these fields have reported on their recent work and also reviewed the contemporary literature. Some historical perspectives as well as some comments and debates on recent issues in econophysics research have also been included.

Experimental Econophysics

Experimental Econophysics
  • Author : Ji-Ping Huang
  • Publisher : Springer
  • Release : 05 August 2014
GET THIS BOOKExperimental Econophysics

Experimental Econophysics describes the method of controlled human experiments, which is developed by physicists to study some problems in economics or finance, namely, stylized facts, fluctuation phenomena, herd behavior, contrarian behavior, hedge behavior, cooperation, business cycles, partial information, risk management, and stock prediction. Experimental econophysics together with empirical econophysics are two branches of the field of econophysics. The latter one has been extensively discussed in the existing books, while the former one has been seldom touched. In this book, the

Econophysics and Financial Economics

Econophysics and Financial Economics
  • Author : Franck Jovanovic,Christophe Schinckus
  • Publisher : Oxford University Press
  • Release : 29 December 2016
GET THIS BOOKEconophysics and Financial Economics

What is econophysics? What makes an econophysicist? Why are financial economists reluctant to use results from econophysics? Can we overcome disputes concerning hypotheses used in financial economics and that make no sense for econophysicists? How can we create a profitable dialogue betweenfinancial economists and econophysicists? How do we develop a common theoretical framework allowing the creation of more efficient models for the financial industry? This book moves beyond the disciplinary frontiers in order to initiate the development of a common

Introduction to Econophysics

Introduction to Econophysics
  • Author : Carlo Requião da Cunha
  • Publisher : CRC Press
  • Release : 29 October 2021
GET THIS BOOKIntroduction to Econophysics

Econophysics explores the parallels between physics and economics and is an exciting topic that is attracting increasing attention. However there is a lack of literature that explains the topic from a broad perspective. This book introduces advanced undergraduates and graduate students in physics and engineering to the topic from this outlook, and is accompanied by rigorous mathematics which ensures that this will also be a good guide for established researchers in the field as well as researchers from other fields,

Essentials of Econophysics Modelling

Essentials of Econophysics Modelling
  • Author : Frantisek Slanina
  • Publisher : Oxford University Press
  • Release : 01 December 2013
GET THIS BOOKEssentials of Econophysics Modelling

This book is a course in methods and models rooted in physics and used in modelling economic and social phenomena. It covers the discipline of econophysics, which creates an interface between physics and economics. Besides the main theme, it touches on the theory of complex networks and simulations of social phenomena in general. After a brief historical introduction, the book starts with a list of basic empirical data and proceeds to thorough investigation of mathematical and computer models. Many of

Econophysics and Data Driven Modelling of Market Dynamics

Econophysics and Data Driven Modelling of Market Dynamics
  • Author : Frédéric Abergel,Hideaki Aoyama,Bikas K. Chakrabarti,Anirban Chakraborti,Asim Ghosh
  • Publisher : Springer
  • Release : 27 January 2015
GET THIS BOOKEconophysics and Data Driven Modelling of Market Dynamics

This book presents the works and research findings of physicists, economists, mathematicians, statisticians, and financial engineers who have undertaken data-driven modelling of market dynamics and other empirical studies in the field of Econophysics. During recent decades, the financial market landscape has changed dramatically with the deregulation of markets and the growing complexity of products. The ever-increasing speed and decreasing costs of computational power and networks have led to the emergence of huge databases. The availability of these data should permit

Econophysics of Agent-Based Models

Econophysics of Agent-Based Models
  • Author : Frédéric Abergel,Hideaki Aoyama,Bikas K. Chakrabarti,Anirban Chakraborti,Asim Ghosh
  • Publisher : Springer Science & Business Media
  • Release : 07 September 2013
GET THIS BOOKEconophysics of Agent-Based Models

The primary goal of this book is to present the research findings and conclusions of physicists, economists, mathematicians and financial engineers working in the field of "Econophysics" who have undertaken agent-based modelling, comparison with empirical studies and related investigations. Most standard economic models assume the existence of the representative agent, who is “perfectly rational” and applies the utility maximization principle when taking action. One reason for this is the desire to keep models mathematically tractable: no tools are available to

New Perspectives and Challenges in Econophysics and Sociophysics

New Perspectives and Challenges in Econophysics and Sociophysics
  • Author : Frédéric Abergel,Bikas K. Chakrabarti,Anirban Chakraborti,Nivedita Deo,Kiran Sharma
  • Publisher : Springer
  • Release : 02 April 2019
GET THIS BOOKNew Perspectives and Challenges in Econophysics and Sociophysics

This book presents the latest perspectives and challenges within the interrelated fields of econophysics and sociophysics, which have emerged from the application of statistical physics to economics and sociology. Economic and financial markets appear to be in a permanent state of flux. Billions of agents interact with each other, giving rise to complex dynamics of economic quantities at the micro and macro levels. With the availability of huge data sets, researchers can address questions at a much more granular level