# Is Econophysics a Solid Science

@article{Burda2003IsEA, title={Is Econophysics a Solid Science}, author={Zdzislaw Burda and Jerzy Jurkiewicz and Maciej A. Nowak}, journal={arXiv: Condensed Matter}, year={2003} }

Econophysics is an approach to quantitative economy using ideas, models, conceptual and computational methods of statistical physics. In recent years many of physical theories like theory of turbulence, scaling, random matrix theory or renormalization group were successfully applied to economy giving a boost to modern computational techniques of data analysis, risk management, artificial markets, macro-economy, {\it etc.} Econophysics became a regular discipline covering a large spectrum of…

## 69 Citations

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### From Edgeworth to econophysics: a methodological perspective

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Although most of the marginalist economists' methodology was influenced by nineteenth-century classical physics, the work of Francis Ysidro Edgeworth represents the highest point of classical physics…

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