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Econophysics is an emerging interdisciplinary field that takes
advantage of the concepts and methods of statistical physics to
analyse economic phenomena. This book expands the explanatory scope
of econophysics to the real economy by using methods from
statistical physics to analyse the success and failure of
companies. Using large data sets of companies and income-earners in
Japan and Europe, a distinguished team of researchers show how
these methods allow us to analyse companies, from huge corporations
to small firms, as heterogeneous agents interacting at multiple
layers of complex networks. They then show how successful this
approach is in explaining a wide range of recent findings relating
to the dynamics of companies. With mathematics kept to a minimum,
the book is not only a lively introduction to the field of
econophysics but also provides fresh insights into company
behaviour.
Econophysics is an emerging interdisciplinary field that takes
advantage of the concepts and methods of statistical physics to
analyse economic phenomena. This book expands the explanatory scope
of econophysics to the real economy by using methods from
statistical physics to analyse the success and failure of
companies. Using large data sets of companies and income-earners in
Japan and Europe, a distinguished team of researchers show how
these methods allow us to analyse companies, from huge corporations
to small firms, as heterogeneous agents interacting at multiple
layers of complex networks. They then show how successful this
approach is in explaining a wide range of recent findings relating
to the dynamics of companies. With mathematics kept to a minimum,
the book is not only a lively introduction to the field of
econophysics but also provides fresh insights into company
behaviour.
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