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Author: Allin F. Cottrell
Publisher: Routledge
Published: 2009-06-02
Total Pages: 385
ISBN-13: 1134020767
DOWNLOAD EBOOK →This book sets out to address some basic questions drawing from classical political economy and information theory and using an econophysics methodology: What is information? Why is it valuable? What is the relationship between money and information?
Author: Allin F. Cottrell
Publisher: Routledge
Published: 2009-06-02
Total Pages: 419
ISBN-13: 1134020759
DOWNLOAD EBOOK →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.
Author: Harald Atmanspacher
Publisher: Springer
Published: 2014-04-17
Total Pages: 358
ISBN-13: 3642549438
DOWNLOAD EBOOK →This book constitutes the refereed proceedings of the 7th International Conference on Quantum Interaction, QI 2013, held in Leicester, UK, in July 2013. The 31 papers presented in this book were carefully selected from numerous submissions. The papers cover various topics on quantum interaction and revolve around four themes: information processing/retrieval/semantic representation and logic; cognition and decision making; finance/economics and social structures and biological systems.
Author: Frédéric Abergel
Publisher: Springer Science & Business Media
Published: 2013-09-07
Total Pages: 301
ISBN-13: 3319000233
DOWNLOAD EBOOK →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 economists for solving non-linear models of heterogeneous adaptive agents without explicit optimization. In contrast, multi-agent models, which originated from statistical physics considerations, allow us to go beyond the prototype theories of traditional economics involving the representative agent. This book is based on the Econophys-Kolkata VII Workshop, at which many such modelling efforts were presented. In the book, leading researchers in their fields report on their latest work, consider recent developments and review the contemporary literature.
Author: Kishore Chandra Dash
Publisher: Cambridge Scholars Publishing
Published: 2019-08-22
Total Pages: 222
ISBN-13: 1527538885
DOWNLOAD EBOOK →This book will appeal to the lay-reader with an interest in the history of what is today termed ‘Econophysics’, looking at various works throughout the ages that have led to the emergence of this field. It begins with a discussion of the philosophers and scientists who have contributed to this discipline, before moving on to considering the contributions of different institutions, books, journals and conferences in nurturing the subject.
Author: Bikas K. Chakrabarti
Publisher: Cambridge University Press
Published: 2013-03-07
Total Pages: 225
ISBN-13: 1107013445
DOWNLOAD EBOOK →The first monograph in econophysics focussed on the analyses and modelling of these distributions, ideal for physicists and economists.
Author: Paul Zarembka
Publisher: Emerald Group Publishing
Published: 2013-05-09
Total Pages: 320
ISBN-13: 1781906718
DOWNLOAD EBOOK →Bringing together renowned political economy scholars, this volume analyzes two decisive factors in the world spread of capitalism: - a shift toward dominance of the financial sector; - global wage differentials so deep that recognition of a labor aristocracy cannot be avoided.
Author: Hideki Takayasu
Publisher: Springer Science & Business Media
Published: 2006-06-18
Total Pages: 401
ISBN-13: 4431289151
DOWNLOAD EBOOK →Some economic phenomena are predictable and controllable, and some are impos sible to foresee. Existing economic theories do not provide satisfactory answers as to what degree economic phenomena can be predicted and controlled, and in what situations. Against this background, people working on the financial front lines in real life have to rely on empirical rules based on experiments that often lack a solid foundation. "Econophysics" is a new science that analyzes economic phenomena empirically from a physical point of view, and it is being studied mainly to offer scientific, objective and significant answers to such problems. This book is the proceedings of the third Nikkei symposium on ''Practical Fruits of Econophysics," held in Tokyo, November 9-11, 2004. In the first symposium held in 2000, empirical rules were established by analyzing high-frequency finan cial data, and various kinds of theoretical approaches were confimied. In the second symposium, in 2002, the predictability of imperfections and of economic fluctua tions was discussed in detail, and methods for applying such studies were reported. The third symposium gave an overview of practical developments that can immedi ately be applied to the financial sector, or at least provide hints as to how to use the methodology.
Author: Peter Richmond
Publisher: Oxford University Press, USA
Published: 2013-09-05
Total Pages: 258
ISBN-13: 0199674701
DOWNLOAD EBOOK →This book summarises progress in the understanding of financial markets and economics based on the established methodology of statistical physics. It offers a new approach to the fundamentals of economics that offers the potential for increased insight and understanding. It should be of interest to all serious students of the subject.
Author: Gheorghe Savoiu
Publisher: Academic Press
Published: 2013
Total Pages: 180
ISBN-13: 0124046266
DOWNLOAD EBOOK →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 education and group decision making. The introductions and insights they provide will benefit everyone interested in applications of this new transdisciplinary science. Ten papers present an updated version of the origins, issues, and applications of econophysics Economics and finance chapters consider lessons learned from the 2008-9 financial crisis Sociophysics chapters propose new thinking on educational reforms and group decision making
