A Farewell to Alms: A Brief Economic History of the World

Abstract

The reasons for the lack of communication between economists and econophysicists are clarified by giving an outline of the methodological differences between economics and econophysics, which has emerged as a new field of research over the last decade. Theorists working in econophysics see economic and financial phenomena through the ‘lens’ of statistical physics. So far, there has been no real dialogue between economists and econophysicists because both communities adhere to their own methodological precepts.