Econophysics (a term coined in 1995 in a conference on statistical physics held at Kolkata, India) views the problems in economics in a physical way and attempts to solve them employing the techniques of physics. Indeed, viewed more generally, econophysics holds that the dynamical aspects of societies, and markets in particular, are purely physical in origin and nature, in contrast to the received view of economics as a typical social science. [Source: Encyclopedia of Philosophy and the Social Sciences; Econophysics]
philosophy of science
econophysics
concepts