CFDP 1520

Economics: The Next Physical Science?

Author(s): 

Publication Date: June 2005

Pages: 9

Abstract: 

We review an emerging body of work by physicists addressing questions of economic organization and function. We suggest that, beyond simply employing models familiar from physics to economic observables, remarkable regularities in economic data may suggest parts of social order that can usefully be incorporated into, and in turn can broaden, the conceptual structure of physics.

Keywords: 

Economic theory, Physics, Econo-physics

JEL Classification Codes:  B49, C00, G00