Classical mechanics provided the conceptual and methodological foundations of neoclassical economics, which has its roots in economic individualism. Since the early twentieth century, statistical mechanics has underpinned a lesser-known approach to economics and finance, one that focuses on aggregates and the interactions between individuals. This has led to the emergence of a new field of research, known as econophysics, which brings to the fore concepts such as emergent properties, power laws, networks, entropy and multifractality, thereby reshaping economic enquiry.

The Rise of Econophysics. A Connected History of Two Disciplines

Gianfranco Tusset
2026

Abstract

Classical mechanics provided the conceptual and methodological foundations of neoclassical economics, which has its roots in economic individualism. Since the early twentieth century, statistical mechanics has underpinned a lesser-known approach to economics and finance, one that focuses on aggregates and the interactions between individuals. This has led to the emergence of a new field of research, known as econophysics, which brings to the fore concepts such as emergent properties, power laws, networks, entropy and multifractality, thereby reshaping economic enquiry.
2026
978-1-009-67145-3
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11577/3592898
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