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From Galileo to Modern Economics

The Italian Origins of Econophysics

Authors: Gianfranco, Tusset

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  • -Provides new insight into the origins of the econophysics movement
  • -Situates the contributions of authors who might be considered to be econophysicists in the modern sense, in context with earlier Italian contributions to scientific work on scientific data
  • -Addresses an under-represented area of the market
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eBook $89.00
price for USA in USD (gross)
  • ISBN 978-3-319-95612-1
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $119.99
price for USA in USD
  • ISBN 978-3-319-95611-4
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $119.99
price for USA in USD
  • ISBN 978-3-030-07070-0
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
About this book

Empirical laws are rare in economics. This book describes efforts to anchor economic knowledge to invariant empirical laws. It links 17th and 18th century Galilean monetary economists to econophysics, a field that emerged in the mid-1990s. This virtual journey from past to present is charted by episodes on aggregates and empirical primacy. It includes the virtually unknown story of 19th century scholars who, by searching for a stricter mathematical approach, paved the way to an ‘engineering’ view of economics. Then there are celebrities like Pareto and his first empirical law governing the distribution of wealth. Pareto and Amoroso sparked a debate on the skewed distribution that spanned decades, ranging from finance to market transformations, to econophysics, with its concepts and tools inherited from statistical physics. The last stage of the journey goes through econophysics and the recent gradual advances it has made, which show how its position vis-à-vis economics has been changing.

About the authors

Gianfranco Tusset is Associate Professor in History of Economic Thought, University of Padua, Italy.

Reviews

“This book takes a fascinating journey through several stylized facts, and the economic foundations theorized by the Italian “economic physics” tradition that has its methodological roots in Galileo. Towering figures - of the likes of Pareto - are seen in a convincing new light, in a scenario where heterogeneity, emergence and complexity converge in the world of econophysics.” (Mauro Gallegati, Professor of Macroeconomics, Polytechnic University of Marche)

 

Table of contents (9 chapters)

Table of contents (9 chapters)

Buy this book

eBook $89.00
price for USA in USD (gross)
  • ISBN 978-3-319-95612-1
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $119.99
price for USA in USD
  • ISBN 978-3-319-95611-4
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $119.99
price for USA in USD
  • ISBN 978-3-030-07070-0
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
From Galileo to Modern Economics
Book Subtitle
The Italian Origins of Econophysics
Authors
Copyright
2018
Publisher
Palgrave Macmillan
Copyright Holder
The Editor(s) (if applicable) and The Author(s)
eBook ISBN
978-3-319-95612-1
DOI
10.1007/978-3-319-95612-1
Hardcover ISBN
978-3-319-95611-4
Softcover ISBN
978-3-030-07070-0
Edition Number
1
Number of Pages
XI, 210
Number of Illustrations
8 b/w illustrations
Topics