Econophysics – one of the faces of modern economy Cover Image

Ekonofizika – jedno od lica moderne ekonomije
Econophysics – one of the faces of modern economy

Author(s): Božana Bojić
Subject(s): Business Economy / Management, Economic history, Economic policy, Financial Markets, Globalization
Published by: Finrar d.o.o Banja Luka
Keywords: economics; physics; econophysics; globalisation; economic predictions;

Summary/Abstract: Economics as a social science changed with time and used the knowledge of other sciences to resolve economic problems. Complexity of economic processes demands new ideas and new methods for solving current economic problems. The historical development of economics is visible through various economic theories that were once even contradictory. Accelerated development of the overall society has led to unexpected ideas and synergies in economics. Thanks to the globalisation and technological development, economic events become very complex and difficult to predict which is why modern economics apart from mathematics and statistics also uses physics in order to make economic predictions. The scientific discipline called econophysics emerged as a result of the synergy between economics and physics in the 1990s.

  • Issue Year: 8/2017
  • Issue No: 3
  • Page Range: 33-37
  • Page Count: 5
  • Language: Serbian