Economic Science and Econophysics: Main Topics of Dialogue
Application of methods, borrowed from physics, for economic research has not come to discovering scaling laws in economy and financial markets. The absence of such laws is conditioned by the specific character of energetic and information processes in economic system. The peculiarities of energetic and information ¬interconnections should be the main topic of dialogue between economic science and theoretical physics. Econophysical models are based on the law of conservation of energy, whereas self-organization of economic system is provided by the effect of money multiplier. Money is simultaneously a set of interconnections and the most important resource, created by the system itself for its development. The analogue of such phenomenon can be found in quantum mechanics. The peculiarities of energetic and information interconnections in economic system determine fast crash of existing trends and formation of new ones. The economic system is objectively a poorly forecasted sphere of unstable regularities.
To our knowledge, this item is not available for
download. To find whether it is available, there are three
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
When requesting a correction, please mention this item's handle: RePEc:nos:voprec:2007-12-7. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sergei Parinov)
If references are entirely missing, you can add them using this form.