Download or read book Economy from the standpoint of physicist written by А. Nenashev and published by T/O "Neformat". This book was released on 2016-08-22 with total page 197 pages. Available in PDF, EPUB and Kindle. Book excerpt: The author of this work is a physicist. He uses the methods accepted in natural sciences for studying of the bases of economic processes, the found solutions are applied to private questions of economic activity. Studying the fundamental relationships of production and an commodity exchange, the author uses them for the solution of problems of pricing, formation of economic communications, operation. It allows to define genetic linkages between economic actions and the social relationships; to draw internally consistent conclusions and to predict economic situations.
Download or read book A Random Physicist Takes on Economics written by Jason Smith and published by . This book was released on 2017-08-27 with total page 131 pages. Available in PDF, EPUB and Kindle. Book excerpt: A Random Physicist Takes on Economics is a novella-length critique of economic methodology from an outsider's perspective as well as a proposal for a new way of understanding supply and demand and rational agents as emergent concepts from the complex behavior of real people. After a brief biographical introduction on how he ended up doing economic research, author, blogger and physicist Jason Smith leverages "irrational" random agents and information theory to argue against the modern understanding of ubiquitous economic constructs such as so-called "rational" expectations, prediction markets, and utility maximizing agents using examples consisting of nothing more complicated than Dungeons and Dragons dice sets and pints of blueberries. Sometimes the unrealistic assumptions frequently made by economists about human rationality are found to be unnecessary to produce the same standard economic results. Sometimes "irrational" agents give insight as to why standard economic results fail. In the end, Dr. Smith calls for economists to present more uncertainty and plead greater ignorance when it comes to questions of politics and policy, and for everyone to move beyond zero-sum economic thinking and towards embracing the diversity and complexity of economic systems.
Download or read book Forecast written by Mark Buchanan and published by Bloomsbury Publishing USA. This book was released on 2014-06-03 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: A groundbreaking book that uses physics to show how instability is inherent in economic markets, just as thunderstorms are a part of weather.
Download or read book The Physics to Economics Model Pem written by F. Patrick Cunnane and published by Createspace Independent Publishing Platform. This book was released on 2017-02-27 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Physics to Economics Model (PEM) is a ground-breaking work, challenging conventional wisdom on the mechanics of the economy, from how economies operate to why traditional measures of economic performance and growth fail. By applying the "Physics to Economics Model" to the U.S. economy, author and Certified Investment Management Analyst, F. Patrick Cunnane, MBA, demonstrates how a physics-based approach to the U.S. economy could significantly increase American wealth. Currently the accepted academic definition of economics is "a social science relating to production, consumption, and distribution of goods and services." Yet, in addition to being wholly inadequate, this definition is impractical when applied to problem solving since it's presented in a circular, rather than a unit form. Thus, it doesn't conform to the laws of natural science and can't be calculated. Nor does it reflect the observations of how global economies operate. Such a definition is without a first principle, and without a science based first principle it is impossible to understand a subject matter. The book establishes a physical science based "first principle" of economics, which is the fundamental concept of a theory, used to explain how economies actually work and how their impact can best be measured. By interpreting the economy through the lens of mechanical physics, the theory-the Physics to Economics Model (PEM)- establishes economics as a physical operation within the universe and, as such, implies that it's subject to the laws of the universe. This is the same reasoning behind the concept of energy in physics. Energy cannot be defined, but it is known by what it does. Energy can do work, change its surroundings, alter the state of an object, cause change in a position or speed, or change from one form of energy to another. Yet, similar to energy, this theory proposes economics cannot be defined, but we can understand it by what it does. We understand economies based what they do and produce. Economies can change the environment and build or alter the form of resources. They have the ability to defend, invent, and provide food, clothing, and shelter. Economies can change form by moving from an activity to wealth possessed. Stored wealth can then change in form back to an activity. This makes economics a concept that is best understood based on what it does. Therefore, it should be represented by a unit, enabling its impact to be calculated and measured where its cause and effect are evident. By establishing economies as units of measurement, which in concept form can be calculated and measured where a deterministic result occurs, we're able to answer the question of, and determine a cause and effect for, economic input where the cause forces what should happen to an economy, and the change is the effect or result. Ironically, economics becomes more logical, rational, and easier to understand within the reasoning process of physics than the more abstract approach traditional academics take to presenting economic theory. The Physics to Economics Model provides a fresh and engaging way to explore modern economic theory that allows the reader to ignore the math and still understand the general theory.
Download or read book Simplicity of Complexity in Economic and Social Systems written by Dariusz Grech and published by Springer Nature. This book was released on 2020-11-08 with total page 130 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents the Proceedings of the 54th Winter School of Theoretical Physics on Simplicity of Complexity in Economic and Social Systems, held in Lądek Zdrój, Poland, from 18 to 24 February 2018. The purpose of the book is to introduce the new interdisciplinary research that links statistical physics, and particular attention is given to link physics of complex systems, with financial analysis and sociology. The main tools used in these areas are numerical simulation of agents behavior and the interpretation of results with the help of complexity methods, therefore a background in statistical physics and in physics of phase transition is necessary to take the first steps towards these research fields called econophysics and sociophysics. In this perspective, the book is intended to graduated students and young researchers who want to begin the study of this established new area, which connects physicists, economists, sociologists and IT professionals, to better understand complexity phenomena existing not only in physics but also in complex systems being seemingly far from traditional view at physics.
Download or read book More Heat Than Light written by Philip Mirowski and published by Cambridge University Press. This book was released on 1991-11-29 with total page 468 pages. Available in PDF, EPUB and Kindle. Book excerpt: The development of the energy concept in Western physics and its subsequent effect on the emergence of neoclassical economics are traced to reveal how economics has sought to emulate physics, especially with regard to the theory of value.
Download or read book Essentials of Econophysics Modelling written by Frantisek Slanina and published by Oxford University Press, USA. This book was released on 2014 with total page 427 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a course in methods and models rooted in physics and used in modelling economic and social phenomena. It covers the discipline of econophysics, which creates an interface between physics and economics. Besides the main theme, it touches on the theory of complex networks and simulations of social phenomena in general. After a brief historical introduction, the book starts with a list of basic empirical data and proceeds to thorough investigation of mathematical and computer models. Many of the models are based on hypotheses of the behaviour of simplified agents. These comprise strategic thinking, imitation, herding, and the gem of econophysics, the so-called minority game. At the same time, many other models view the economic processes as interactions of inanimate particles. Here, the methods of physics are especially useful. Examples of systems modelled in such a way include books of stock-market orders, and redistribution of wealth among individuals. Network effects are investigated in the interaction of economic agents. The book also describes how to model phenomena like cooperation and emergence of consensus. The book will be of benefit to graduate students and researchers in both Physics and Economics.
Download or read book Econophysics and Sociophysics written by Bikas K. Chakrabarti and published by John Wiley & Sons. This book was released on 2007-02-27 with total page 648 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using tricks to handle coupled nonlinear dynamical many-body systems, several advancements have already been made in understanding the behavior of markets/economic/social systems and their dynamics. The book intends to provide the reader with updated reviews on such major developments in both econophysics and sociophysics, by leading experts in the respective fields. This is the first book providing a panoramic view of these developments in the last decade.
Download or read book Quantum Economics written by Amit Goswami and published by Rainbow Ridge. This book was released on 2015 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In view of the recent meltdown of the economy that gave rise to the great recession, it is pretty obvious that the current economic systems are not working. But economists have a clue about which way to go about modifying the existing models. The two political parties of America are bogged down into a locked-horn position between two existing and decidedly ineffective economic modalities: choosing solely from either the demand side or the supply side model for government intervention to get us out of recession. Quantum Economics is written for both the businessperson and the consumer, in other words, everyone. It touches upon important issues like creativity and ethics in business. It takes you into the already feasible twenty-first century technologies of vital energy. It informs the reader that the time has come to look for jobs that bring meaning and value into their personal lives. It gives quantum hints for new business leadership: a viable science of manifestation, how to revitalize the business arena, how to transform the energy of money, how to deal with globalization and keep the free market free, how to achieve an economy of sustainability and prevent economic meltdowns, and how to eliminate, once and for all, poverty and hunger.
Download or read book Modern Principles of Economic Mechanics Vol 1 written by Yingrui Yang and published by . This book was released on 2012-12-01 with total page 214 pages. Available in PDF, EPUB and Kindle. Book excerpt: Currently, economics and cognitive science are heavily rooted in Newtonian physics, successfully borrowing a great deal of modeling tools from it. This is a great achievement. You do not need quantum mechanics or theories of relativity to build a house or bridge. Nevertheless, no one would deny the importance of modern theoretical physics. I believe many intellectuals have realized the need to go beyond the limitations of the Newtonian tradition for means of social science research. The big question is how to do it and how to do it right. This book aims to integrate economics and cognitive science by applying theoretical physics from a modeling perspective. During the course of this book, necessary background knowledge preparations for understanding the content topics are also briefl y provided. Thus, this book is designed to be conceptually and instrumentally self-contained. Everyone interested should be able to read it.
Download or read book Driving Forces in Physical Biological and Socio economic Phenomena written by Bertrand M. Roehner and published by Cambridge University Press. This book was released on 2007-05-31 with total page 243 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book was first published in 2007. In recent years network science has become a dynamic and promising discipline; here it is extended to explore social and historical phenomena. While we experience social interactions every day, there is little quantitative knowledge on them. Instead we are often tempted to resort to fanciful explanations to explain social trends. Exogenous and endogenous interactions are often the key to understanding social phenomena and unravelling historical mysteries. This book begins by explaining how it is possible to bridge the gap between physics and sociology by exploring how network theory can apply to both. It then examines the macro- and micro-interactions in societies. The chapters are largely self-contained, allowing readers easily to access and understand the sections of most interest. This multi-disciplinary book will be fascinating to all physicists who have an interest in the human sciences and it will provide an alternative perspective to graduate students and researchers in sociology and econophysics.
Download or read book Econodynamics written by Vladimir N. Pokrovskii and published by Springer. This book was released on 2018-01-18 with total page 306 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book, now in its third edition, explores how human populations grow, based on their creative abilities. To reconsider the theory of economic growth from a physicist's perspective, the book analyses the concepts of value and utility and their relationship to thermodynamic concepts. This approach allows the author to include characteristics of technology in descriptions of development and to formulate a phenomenological (macroeconomic, no-price fluctuations are discussed) theory of production as a set of evolutionary equations in one-sector and multi-sector approximations. The theory is proved to be useful for describing both national economies and global production in ancient times. This monograph presents the topics in a compact and consistent manner and can be used by students with a background in physics and other natural sciences who wish to specialize in economics. It explains how the growth of production is connected with advances in technology, consumption of labour and energy and makes it possible to analyse past and present social production systems and to build scripts of future progress. The book is of interest to energy specialists engaged in planning and analyzing the production and consumption of energy carriers, and to economists wanting to know how energy and technology affect economic growth. This third edition has been substantially revised and three brand new chapters have been added. Chapter 8 illustrates the robustness of the theory with the aid of statistical historical data from the Russian economy, while Chapter 12 is devoted to a reconstruction of the global production activity in ancient times. Chapter 13 discusses the principles of the organization of social production.
Download or read book Sociophysics written by Serge Galam and published by Springer Science & Business Media. This book was released on 2012-02-10 with total page 450 pages. Available in PDF, EPUB and Kindle. Book excerpt: Do humans behave much like atoms? Sociophysics, which uses tools and concepts from the physics of disordered matter to describe some aspects of social and political behavior, answers in the affirmative. But advocating the use of models from the physical sciences to understand human behavior could be perceived as tantamount to dismissing the existence of human free will and also enabling those seeking manipulative skills . This thought-provoking book argues it is just the contrary. Indeed, future developments and evaluation will either show sociophysics to be inadequate, thus supporting the hypothesis that people can primarily be considered to be free agents, or valid, thus opening the path to a radically different vision of society and personal responsibility. This book attempts to explain why and how humans behave much like atoms, at least in some aspects of their collective lives, and then proposes how this knowledge can serve as a unique key to a dramatic leap forwards in achieving more social freedom in the real world. At heart, sociophysics and this book are about better comprehending the richness and potential of our social interaction, and so distancing ourselves from inanimate atoms.
Download or read book Simplicity of Complexity in Economic and Social Systems written by Dariusz Grech and published by . This book was released on 2021 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents the Proceedings of the 54th Winter School of Theoretical Physics on Simplicity of Complexity in Economic and Social Systems, held in Lądek Zdrój, Poland, from 18 to 24 February 2018. The purpose of the book is to introduce the new interdisciplinary research that links statistical physics, and particular attention is given to link physics of complex systems, with financial analysis and sociology. The main tools used in these areas are numerical simulation of agents behavior and the interpretation of results with the help of complexity methods, therefore a background in statistical physics and in physics of phase transition is necessary to take the first steps towards these research fields called econophysics and sociophysics. In this perspective, the book is intended to graduated students and young researchers who want to begin the study of this established new area, which connects physicists, economists, sociologists and IT professionals, to better understand complexity phenomena existing not only in physics but also in complex systems being seemingly far from traditional view at physics.
Download or read book Galileo Unbound written by David D. Nolte and published by Oxford University Press. This book was released on 2018-07-12 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: Galileo Unbound traces the journey that brought us from Galileo's law of free fall to today's geneticists measuring evolutionary drift, entangled quantum particles moving among many worlds, and our lives as trajectories traversing a health space with thousands of dimensions. Remarkably, common themes persist that predict the evolution of species as readily as the orbits of planets or the collapse of stars into black holes. This book tells the history of spaces of expanding dimension and increasing abstraction and how they continue today to give new insight into the physics of complex systems. Galileo published the first modern law of motion, the Law of Fall, that was ideal and simple, laying the foundation upon which Newton built the first theory of dynamics. Early in the twentieth century, geometry became the cause of motion rather than the result when Einstein envisioned the fabric of space-time warped by mass and energy, forcing light rays to bend past the Sun. Possibly more radical was Feynman's dilemma of quantum particles taking all paths at once — setting the stage for the modern fields of quantum field theory and quantum computing. Yet as concepts of motion have evolved, one thing has remained constant, the need to track ever more complex changes and to capture their essence, to find patterns in the chaos as we try to predict and control our world.
Download or read book A Physicist s View of Matter and Mind written by Chandre Dharma-wardana and published by World Scientific. This book was released on 2013 with total page 518 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a highly interdisciplinary book straddling physics and complex systems such as living organisms. The presentation is from the perspective of physics, in a manner accessible to those interested in scientific knowledge integrated within its socio-cultural and philosophical backgrounds. Two key areas of human understanding, namely physics and conscious complex systems, are presented in simple language. An optional technical presentation is also given in parallel where it is needed.
Download or read book Einstein Physics and Reality written by Jagdish Mehra and published by World Scientific. This book was released on 1999 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt: Albert Einstein was one of the principal founders of the quantum and relativity theories. Until 1925, when Bose-Einstein statistics was discovered, he made great contributions to the foundations of quantum theory. However, after the discovery of quantum mechanics by Heisenberg and wave mechanics by Schrodinger, with the consequent development of the principles of uncertainty and complementarity, it would seem that Einstein's views completely changed. In his theory of the Brownian motion, Einstein had invoked the theory of probability to establish the reality of atoms and molecules; but, in 1916-17, when he wished to predict the exact instant when an atom would radiate -- and developed his theory of the A and B coefficients -- "a statistical residue remained," which he did not quite have the courage of his convictions to accept, as he told his friend Max Born. However, he wrote later to Born that quantum mechanics "is certainly imposing," but "an inner voice tells me that it is not the real thing ... It does,not bring us closer to the secret of the 'Old One'. I, at any rate, am convinced that He is not playing at dice." At the 1927 and 1930 Solvay Conferences on Physics in Brussels, Einstein engaged in profound discussions with Niels Bohr and others about his conviction regarding classical determinism versus the statistical causality of quantum mechanics. To the end of his life he retained his belief in a deterministic philosophy. This highly interesting book explores Einstein's views on the nature and structure of physics and reality.
