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From Galileo to modern economics = the Italian origins of econophysics /

Record Type:	Language materials, printed : Monograph/item
Title/Author:	From Galileo to modern economics/ by Gianfranco Tusset.
Reminder of title:	the Italian origins of econophysics /
Author:	Tusset, Gianfranco.
Published:	Cham :Springer International Publishing : : 2018.,
Description:	xi, 210 p. :ill., digital ; : 24 cm.;
Contained By:	Springer eBooks
Subject:	Econophysics. -
Online resource:	https://doi.org/10.1007/978-3-319-95612-1
ISBN:	9783319956121

From Galileo to modern economics = the Italian origins of econophysics /
Tusset, Gianfranco.

From Galileo to modern economicsthe Italian origins of econophysics /[electronic resource] :by Gianfranco Tusset. - Cham :Springer International Publishing :2018. - xi, 210 p. :ill., digital ;24 cm.

1. Introduction -- 2. Galilean economics -- 3. Engineering economics -- 4. Wealth distribution -- 5. The dynamics of aggregates -- 6. Asset pricing dynamics -- 7. Topological dynamics -- 8. Moving on to econophysics -- 9. Epilogue.

Empirical laws are rare in economics. This book describes efforts to anchor economic knowledge to invariant empirical laws. It links 17th and 18th century Galilean monetary economists to econophysics, a field that emerged in the mid-1990s. This virtual journey from past to present is charted by episodes on aggregates and empirical primacy. It includes the virtually unknown story of 19th century scholars who, by searching for a stricter mathematical approach, paved the way to an 'engineering' view of economics. Then there are celebrities like Pareto and his first empirical law governing the distribution of wealth. Pareto and Amoroso sparked a debate on the skewed distribution that spanned decades, ranging from finance to market transformations, to econophysics, with its concepts and tools inherited from statistical physics. The last stage of the journey goes through econophysics and the recent gradual advances it has made, which show how its position vis-a-vis economics has been changing.

ISBN: 9783319956121

Standard No.: 10.1007/978-3-319-95612-1doiSubjects--Topical Terms:

796705
Econophysics.

LC Class. No.: HB137 / .T877 2018

Dewey Class. No.: 330.015195

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505 0 $a 1. Introduction -- 2. Galilean economics -- 3. Engineering economics -- 4. Wealth distribution -- 5. The dynamics of aggregates -- 6. Asset pricing dynamics -- 7. Topological dynamics -- 8. Moving on to econophysics -- 9. Epilogue.
520 $a Empirical laws are rare in economics. This book describes efforts to anchor economic knowledge to invariant empirical laws. It links 17th and 18th century Galilean monetary economists to econophysics, a field that emerged in the mid-1990s. This virtual journey from past to present is charted by episodes on aggregates and empirical primacy. It includes the virtually unknown story of 19th century scholars who, by searching for a stricter mathematical approach, paved the way to an 'engineering' view of economics. Then there are celebrities like Pareto and his first empirical law governing the distribution of wealth. Pareto and Amoroso sparked a debate on the skewed distribution that spanned decades, ranging from finance to market transformations, to econophysics, with its concepts and tools inherited from statistical physics. The last stage of the journey goes through econophysics and the recent gradual advances it has made, which show how its position vis-a-vis economics has been changing.
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