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Latest Econophysics Stories

2012-04-20 09:50:15

A clearer link is established "Money, it's a gas," says the sixties rock group Pink Floyd in their song "Money." Indeed, physics professor Victor Yakovenko is an expert in statistical physics and studies how the flow of money and the distribution of incomes in American society resemble the flow of energy between molecules in a gas. In his lectures to be delivered on April 19 at New York University and April 20 at the New School for Social Research, Yakovenko will bring his...

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2010-07-13 10:25:00

A Purdue University researcher has used "econophysics" to show that under ideal circumstances free markets promote fair salaries for workers and do not support CEO compensation practices common today. The research presents a new perspective on 18th century economist Adam Smith's concept that an "invisible hand" drives a free market economy to a collective good. "It is generally believed that the free market cares only about efficiency and not fairness. However, my theory shows that even...

2009-04-01 14:24:53

Is today's academic and corporate culture stifling science's risk-takers and stopping disruptive, revolutionary science from coming to the fore? In April's Physics World the science writer Mark Buchanan looks at those who have shifted scientific paradigms and asks what we can do to make sure that those who have the potential to change our outlook on the world also have the opportunity to do so. When Max Planck accidentally discovered quantum theory, he kick-started the most significant...


Word of the Day
bibliopole
  • A bookseller; now, especially, a dealer in rare and curious books.
This word comes from a Greek phrase meaning 'book seller.'
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