Economics made simple with physics models

Latest Science News -- ScienceDaily - Hace 46 minutos

Both physical and economic phenomena may possess universal features that could be uncovered using the tools of physics. The principal difference is that in economic systems -- unlike physical ones -- current actions may be influenced by the perception of future events. The latest issue of EPJ Special Topics examines the question as to whether econophysics, a physics-based approach to understanding economic phenomena, is more useful and desirable than conventional economics theories.