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History Of Econophysics
Econophysics is a Heterodox economics, heterodox interdisciplinary research field, applying theories and methods originally developed by physicists in order to solve problems in economics, usually those including uncertainty or stochastic processes and Chaos theory, nonlinear dynamics. Some of its application to the study of financial markets has also been termed statistical finance referring to its roots in statistical physics. Econophysics is closely related to social physics. History Physicists' interest in the social sciences is not new (see e.g.,); Daniel Bernoulli, as an example, was the originator of utility-based preferences. One of the founders of neoclassical economic theory, former Yale University Professor of Economics Irving Fisher, was originally trained under the renowned Yale physicist, Josiah Willard Gibbs. Likewise, Jan Tinbergen, who won the first Nobel Memorial Prize in Economic Sciences in 1969 for having developed and applied dynamic models for the analysis of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Heterodox Economics
Heterodox economics is any economic thought or theory that contrasts with orthodox schools of economic thought, or that may be beyond neoclassical economics.Frederic S. Lee, 2008. "heterodox economics," '' The New Palgrave Dictionary of Economics'', 2nd Edition, v. 4, pp. 2–65 Abstract. These include institutional, evolutionary, feminist, social, post-Keynesian (not to be confused with New Keynesian), ecological, Austrian, complexity, Marxian, socialist, and anarchist economics. Economics may be called '' orthodox'' or ''conventional'' economics by its critics.C. Barry, 1998. ''Political-economy: A comparative approach''. Westport, CT: Praeger. Alternatively, mainstream economics deals with the "rationality–individualism–equilibrium nexus" and heterodox economics is more "radical" in dealing with the "institutions–history–social structure nexus". A 2008 review documented several prominent groups of heterodox economists since at least the 1990s as working tog ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Leiden University
Leiden University (abbreviated as ''LEI''; nl, Universiteit Leiden) is a public research university in Leiden, Netherlands. The university was founded as a Protestant university in 1575 by William, Prince of Orange, as a reward to the city of Leiden for its defence against Spanish attacks during the Eighty Years' War. As the oldest institution of higher education in the Netherlands, it enjoys a reputation across Europe and the world. Known for its historic foundations and emphasis on the social sciences, the university came into particular prominence during the Dutch Golden Age, when scholars from around Europe were attracted to the Dutch Republic due to its climate of intellectual tolerance and Leiden's international reputation. During this time, Leiden became the home to individuals such as René Descartes, Rembrandt, Christiaan Huygens, Hugo Grotius, Baruch Spinoza and Baron d'Holbach. The university has seven academic faculties and over fifty subject departments wh ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Edwin Thompson Jaynes
Edwin Thompson Jaynes (July 5, 1922 – April 30, 1998) was the Wayman Crow Distinguished Professor of Physics at Washington University in St. Louis. He wrote extensively on statistical mechanics and on foundations of probability and statistical inference, initiating in 1957 the maximum entropy interpretation of thermodynamics as being a particular application of more general Bayesian/information theory techniques (although he argued this was already implicit in the works of Josiah Willard Gibbs). Jaynes strongly promoted the interpretation of probability theory as an extension of logic. In 1963, together with Fred Cummings, he modeled the evolution of a two-level atom in an electromagnetic field, in a fully quantized way. This model is known as the Jaynes–Cummings model. A particular focus of his work was the construction of logical principles for assigning prior probability distributions; see the principle of maximum entropy, the principle of maximum caliber, the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Transformation Problem
In 20th-century discussions of Karl Marx's economics, the transformation problem is the problem of finding a general rule by which to transform the "values" of commodities (based on their socially necessary labour content, according to his labour theory of value) into the "competitive prices" of the marketplace. This problem was first introduced by Marx in chapter 9 of the draft of volume 3 of ''Capital'', where he also sketched a solution. The essential difficulty was this: given that Marx derived profit, in the form of surplus value, from direct labour inputs, and that the ratio of direct labour input to capital input varied widely between commodities, how could he reconcile this with a tendency toward an average rate of profit on all capital invested among industries, if such a tendency (as predicted by Marx and Ricardo) exists? Marx's theory Marx defines value as the number of hours of labor socially necessary to produce a commodity. This includes two elements: First, it i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Moshé Machover
Moshé Machover ( he, משה מחובר; born 1936) is a mathematician, philosopher, and socialist activist, noted for his writings against Zionism. Born to a Jewish family in Tel Aviv, then part of the British Mandate of Palestine, Machover moved to Britain in 1968 where he became a naturalised citizen. He was a founder of Matzpen, the Israeli Socialist Organisation, in 1962. Career Machover has written extensively on the conflict in the Middle East. In 1961, while still members of the Israeli Communist Party, Machover and Akiva Orr, under the pseudonym 'A Israeli', wrote the anti-Zionist analysis of the Arab-Israeli conflict ''Shalom, Shalom ve'ein Shalom'' ( he, שלום, שלום, ואין שלום; "Peace, Peace, and there is no Peace"). The intention of the book was to explain, from publicly available sources, why in 1956 " Ben-Gurion preferred to invade Egypt, alongside France and Britain, rather than to make peace with Egypt".Moshé Machover and Akiva Orr, "Foreword aft ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Observatory Of Economic Complexity
The Observatory of Economic Complexity (OEC) is a data visualization site for international trade data created by the Macro Connections group at the MIT Media Lab. The goal of the observatory is to distribute international trade data in a visual form. At present the observatory serves more than 20 million interactive visualizations, connecting hundreds of countries to their export destinations and to the products that they trade. Source data The Observatory of Economic Complexity combines a number of international trade data sets, including data from Feenstra, Lipset, Deng, Ma, and Mo's ''World Trade Flows: 1962-2000'' dataset, cleaned and made compatible through a National Bureau of Economic Research (NBER) project and HS4 aggregated from the HS6 classification cleaned by the BACI team at Centre d'Etudes Prospectives et d'Informations Internationales (CEPII). The dataset contains exports and imports both by country of origin and by destination. Products are disaggregated accord ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Santa Fe Institute
The Santa Fe Institute (SFI) is an independent, nonprofit theoretical research institute located in Santa Fe, New Mexico, United States and dedicated to the multidisciplinary study of the fundamental principles of complex adaptive systems, including physical, computational, biological, and social systems. The institute is ranked 24th among the world's "Top Science and Technology Think Tanks" and 24th among the world's "Best Transdisciplinary Research Think Tanks" according to the 2020 edition of the ''Global Go To Think Tank Index Reports'', published annually by the University of Pennsylvania. The institute consists of a small number of resident faculty and postdoctoral researchers, a large group of external faculty whose primary appointments are at other institutions, and a number of visiting scholars. The institute is advised by a group of eminent scholars, including several Nobel Prize-winning scientists. Although theoretical scientific research is the institute's primary foc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Network Science
Network science is an academic field which studies complex networks such as telecommunication networks, computer networks, biological networks, cognitive and semantic networks, and social networks, considering distinct elements or actors represented by ''nodes'' (or ''vertices'') and the connections between the elements or actors as ''links'' (or ''edges''). The field draws on theories and methods including graph theory from mathematics, statistical mechanics from physics, data mining and information visualization from computer science, inferential modeling from statistics, and social structure from sociology. The United States National Research Council defines network science as "the study of network representations of physical, biological, and social phenomena leading to predictive models of these phenomena." Background and history The study of networks has emerged in diverse disciplines as a means of analyzing complex relational data. The earliest known paper in thi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
János Kertész
János Kertész is a Hungarian physicist. He is one of the pioneers of econophysics, complex networks and application of fractal geometry in physical problems. He is the director of the Institute of Physics in Budapest University of Technology and Economics, Budapest, Hungary Hungary ( hu, Magyarország ) is a landlocked country in Central Europe. Spanning of the Pannonian Basin, Carpathian Basin, it is bordered by Slovakia to the north, Ukraine to the northeast, Romania to the east and southeast, Serbia to the .... References External links Personal Homepage {{DEFAULTSORT:Kertesz, Janos 21st-century Hungarian physicists Living people Year of birth missing (living people) ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Physica A '', an international scientific journal for experimental and theoretical physics
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Physica may refer to: * Physics (Aristotle) * ''Physica'' (journal), a Dutch scientific journal :* ''Physica A'' :* ''Physica B'' ;* ''Physica C'' :* ''Physica D'' :* ''Physica E'' * ''Physica Scripta ''Physica Scripta'' is an international scientific journal for experimental and theoretical physics. It was established in 1970 as the successor of ''Arkiv för Fysik'' and published by the Royal Swedish Academy of Sciences (KVA). Since 2006, it h ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Calcutta
Kolkata (, or , ; also known as Calcutta , List of renamed places in India#West Bengal, the official name until 2001) is the Capital city, capital of the Indian States and union territories of India, state of West Bengal, on the eastern bank of the Hooghly River west of the border with Bangladesh. It is the primary business, commercial, and financial hub of East India, Eastern India and the main port of communication for North-East India. According to the 2011 Indian census, Kolkata is the List of cities in India by population, seventh-most populous city in India, with a population of 45 lakh (4.5 million) residents within the city limits, and a population of over 1.41 crore (14.1 million) residents in the Kolkata metropolitan area, Kolkata Metropolitan Area. It is the List of metropolitan areas in India, third-most populous metropolitan area in India. In 2021, the Kolkata metropolitan area crossed 1.5 crore (15 million) registered voters. The ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kolkata
Kolkata (, or , ; also known as Calcutta , the official name until 2001) is the capital of the Indian state of West Bengal, on the eastern bank of the Hooghly River west of the border with Bangladesh. It is the primary business, commercial, and financial hub of Eastern India and the main port of communication for North-East India. According to the 2011 Indian census, Kolkata is the seventh-most populous city in India, with a population of 45 lakh (4.5 million) residents within the city limits, and a population of over 1.41 crore (14.1 million) residents in the Kolkata Metropolitan Area. It is the third-most populous metropolitan area in India. In 2021, the Kolkata metropolitan area crossed 1.5 crore (15 million) registered voters. The Port of Kolkata is India's oldest operating port and its sole major riverine port. Kolkata is regarded as the cultural capital of India. Kolkata is the second largest Bengali-speaking city after Dhaka ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
