Yee, Adrian K. (2021) Econophysics (Making Sense of a Chimera). [Preprint]
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Abstract
The history of economic thought witnessed several prominent economists who took seriously models and concepts in physics for the elucidation and prediction of economic phenomena. Econophysics is an emerging discipline at the intersection of heterodox economics and the physics of complex systems, with practitioners typically engaged in two overlapping but distinct methodological programs. The first is to export mathematical methods used in physics for the purposes of studying economic phenomena. The second is to export mechanisms in physics into economics. A conclusion is drawn that physics transfer is often justified at the level of mathematical transfer but
unjustified at the level of mechanistic transfer.
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| Item Type: | Preprint | ||||||
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| Keywords: | history of economics; econophysics; philosophy of economics; philosophy of physics; models; mechanisms; model transfer; interdisciplinarity | ||||||
| Subjects: | Specific Sciences > Complex Systems Specific Sciences > Economics General Issues > Models and Idealization Specific Sciences > Physics > Statistical Mechanics/Thermodynamics General Issues > Structure of Theories |
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| Depositing User: | Adrian K. Yee | ||||||
| Date Deposited: | 22 Jul 2022 22:33 | ||||||
| Last Modified: | 22 Jul 2022 22:33 | ||||||
| Item ID: | 20954 | ||||||
| Subjects: | Specific Sciences > Complex Systems Specific Sciences > Economics General Issues > Models and Idealization Specific Sciences > Physics > Statistical Mechanics/Thermodynamics General Issues > Structure of Theories |
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| Date: | 2021 | ||||||
| URI: | https://philsci-archive.pitt.edu/id/eprint/20954 |
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Econophysics (Making Sense of a Chimera). (deposited 03 Sep 2021 12:34)
- Econophysics (Making Sense of a Chimera). (deposited 22 Jul 2022 22:33) [Currently Displayed]
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