Mathematical analogies: An engine for understanding the transformations of the boundaries between economics and physics [r-libre/1976]

Jovanovic, Franck, & Le Gall, Philippe (2021). Mathematical analogies: An engine for understanding the transformations of the boundaries between economics and physics. History of Economics Review, 79 (1), 18-38.

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Item Type:	Journal Articles
Refereed:	Yes
Status:	Published
Abstract:	The influence of physics on economics has been largely analyzed; the opposite influence also exists even if it has been less studied. In the last decades the relation between these two disciplines has increased. Economic models are more often used in physics (minority game, GARCH model, etc.). The aim of this paper is to explore the role of mathematical analogies in the evolution of the relation between physics and economics. We show how these analogies have contributed to make the disciplinary boundaries of economics and physics more permeable. We investigate three examples: Frisch’s PPIP model (1933); the use of the Ising model for creating econophysics in the 1990s; the minority game, created by econophysicists in 1997 for solving an economic problem and nowadays used in physics.
Official URL:	https://www.tandfonline.com/doi/full/10.1080/10370...
Depositor:	Jovanovic, Franck
Owner / Manager:	Franck Jovanovic
Deposited:	27 May 2020 14:44
Last Modified:	23 Mar 2022 19:15

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