Comments and Criticisms: Econophysics and Sociophysics View Full Text


Ontology type: schema:Chapter     


Chapter Info

DATE

2007-01-01

AUTHORS

Mauro Gallegati , Bikas K. Chakrabarti , Taisei Kaizoji , Yougui Wang , Yoshi Fujiwara , Sitabhra Sinha , Jürgen Mimkes

ABSTRACT

So far econophysics has given contributions in four areas of economics: financial markets, wealth and income distribution, industrial economics (firms’ size distribution, growth rates) and, more recently, networks analysis. According to Gallegati et al., 2006, there are some weakness in the approach: a lack of awareness of work that has been done within economics itself; resistance to more rigorous and robust statistical methodology; the belief that universal empirical regularities can be found in many areas of economic activity; the theoretical models which are being used to explain empirical phenomena. The paper raised a lively debate (see e.g. Ball, 2006). More... »

PAGES

249-266

Identifiers

URI

http://scigraph.springernature.com/pub.10.1007/978-88-470-0665-2_19

DOI

http://dx.doi.org/10.1007/978-88-470-0665-2_19

DIMENSIONS

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