From Galileo to Modern Economics : The Italian Origins of Econophysics / by Gianfranco Tusset

Von:

Tusset, Gianfranco [VerfasserIn]

Resource type: Ressourcentyp: Buch (Online)Buch (Online)Sprache: Englisch Reihen: SpringerLink BücherVerlag: Cham : Springer International Publishing, 2018Beschreibung: Online-Ressource (XI, 210 p. 8 illus, online resource)ISBN:

9783319956121

Schlagwörter:

Andere physische Formen: 9783319956114 | 9783319956138 | Erscheint auch als: From Galileo to modern economics. Druck-Ausgabe Cham, Switzerland : Palgrave Macmillan, 2018. xi, 210 Seiten | Printed edition: 9783319956114 | Printed edition: 9783319956138 DDC-Klassifikation:

330.1509

MSC: MSC: *91-02 | 91-03 | 91B55 | 91B80LOC-Klassifikation:

HC10-1085

DOI: DOI: 10.1007/978-3-319-95612-1Online-Ressourcen:

Zusammenfassung: 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-à-vis economics has been changingZusammenfassung: 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. EpiloguePPN: PPN: 103184466XPackage identifier: Produktsigel: ZDB-2-ECF | ZDB-2-SEB | ZDB-2-SXEF

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