Saturday, May 13, 2006

Is Economics the Next Physical Science? -- Physics Today

Wonder if this is relevant to real finance? (It appear's that Pareto's 1897 distribution was the first powerlaw.)

http://arxiv.org/abs/physics/0506086
http://www.physicstoday.org/vol-58/iss-9/p37.shtml
Is Economics the Next Physical Science?
An emerging body of work by physicists addressing questions of economic organization and function suggests new approaches to economics and a broadening of the scope of physics — J. Doyne Farmer, Martin Shubik, and Eric Smith
ooo[clip]ooo ooo[general]ooo ooo[econ]ooo