Journals / Ekonomi-tek / 2015 / Cilt: 4 - Sayı: 2

Historical Perspective on the Relationship Between Economics and Physics

İktisat-Fizik İlişkisine Tarihsel Bakış

Pages
25–60
Publication Date
2015-05-01
DOI
—
🏛️Bibliographic metadata and full text access for this article are provided via DergiPark.
DergiPark Record ↗
✨

AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

Against this background, this study aims to analyze this relationship between economics and physics and to outline how the evolution in physics has affected economics.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:As the world has evolved and become ever more complex in the process, science has played a central role in that evolution, itself undergoing dramatic changes.
📊
Key Findings & Data:In the 20th century, however, the attachment to determinism was abandoned by physicists, and the upshot of this was radical changes later worked their way through economics.
💡
Conclusion & Impact:Against this background, this study aims to analyze this relationship between economics and physics and to outline how the evolution in physics has affected economics.
🔬Design:Research Article
📍Scope:Comprehensive Sample
⚙️Variables:İktisat-Fizik İlişkisi · ekonofizik · karmasıklık bilimi

Abstract

As the world has evolved and become ever more complex in the process, science has played a central role in that evolution, itself undergoing dramatic changes. Within science, the field of physics has led the way forward to revolutionary approaches that have spread to other disciplines—including economics. Indeed, economics was among the first to feel the influence of the ferment in physics. Arguably, classical economics was built upon Newtonian physics and was long dominated by its idea of determinism. In the 20th century, however, the attachment to determinism was abandoned by physicists, and the upshot of this was radical changes later worked their way through economics. In the early 1990s, physicists, and to a lesser extent economists, began directing their attention to the relationship between their two fields of study. Propelling these two professions toward each other were three factors: mainstream economists’ lack of a thorough understanding of real-world phenomena; the advent of statistical physics; and the coming to the fore of techniques based on non-linear dynamics. Against this background, this study aims to analyze this relationship between economics and physics and to outline how the evolution in physics has affected economics.

Özet

Değişen ve giderek karmaşık hale gelen dünyada yüzyıllar içerisinde bilimin köklü değişimlere uğradığını söylemek mümkündür. Özellikle fizikteki gelişim ve yeniliklerin tüm bilimleri etkilediği ve yeni dönemler açtığı iddia edilebilir. İktisat bilimi fiziğin yüksek derecede etki yarattığı bilim dallarının basında gelmektedir. Klasik iktisadın deterministtik dünya görüsünün hakim olduğu Newton fiziği üzerine inşa edildiği söylenebilir. Yirminci yüzyılda fizikteki determinist dünya görüsünün terk edilip, fiziğin köklü değişimlere uğraması, iktisat bilimi üzerinde de önemli değişimlere neden olmuştur. Yaşanılan karmaşık dünyada geleneksel iktisat kuramlarının belirli olguları anlamada yetersiz kalması ve istatistiksel fizik tekniklerinin doğrusal olmayan dinamiklerle bir araya gelerek bu karmaşık yapıyı açıklamadaki gücü, özellikle 1990’ların basında fizikçilerin, son yıllarda ise iktisatçıların ilgisini çekmiştir. Bu doğrultuda yapılan çalışmalar daha önceleri sadece fizik dergilerinde, son zamanlarda ise iktisat dergilerinde de yer buluyor olması bunun en önemli göstergesidir. Bu çalışmanın amacı iktisadın doğusu ile başlayan iktisat – fizik ilişkisini incelemek ve fizik biliminin geçirdiği evrimin iktisat bilimini ne derecede etkileyerek değiştirdiğini göstermektir.

🔖

Cite This Article

KIRER, H., EREN, E. (2015). Historical Perspective on the Relationship Between Economics and Physics. Ekonomi-tek, Cilt: 4 - Sayı: 2, 25–60. https://ajindex.com/articles/753694

📄 Full Text PDF Viewer

📄

PDF görüntüleyici hazırlanıyor...

References (12)

  1. Alfi, Valentina, (2007), “Spectroscopy of Fat Tails, Complex Correlations in Financial Time Series,” PhD Thesis, University of Rome. Alvey, James E., (1999), “Mechanical Analogies in Adam Smith,” Massey University Discussion Paper No. 99.12, 4. http://commerce.massey. ac.nz/publications/discuss/dp99-12.pdf, [29.01.2011].
  2. Anderson, Philip. W., (1991), “Is Complexity Physics? Is It Science? What Is It?” Physics Today, Cilt 44, Sayı 7, ss. 9-11.
  3. Aoyama, H., Yoshikawa, H., Iyetomi, H. ve Fujiwara, Y., (2008), “Productivity Dispersion: Fact, Theory and Implications,” arXiv:0805.2792, RI- ETI discussion paper 08-E-035. Artemi, Carlo, (2006), “The Last Paper by Ettora Majorana: An Analysis,” The Global and The Local: The History of Science and The Cultural Integration of Europe, Proceeding of the 2nd ICESHS, içinde, Derleyen M. Kokowski, ss. 914-915. http://www.2iceshs.cyfronet.pl/2ICESHS/Proceedingd/Chapter_29/R_Varia_IIArtemi.pdf [19.05.2009].
  4. Ball, Philip, (2002), “The Physical Modeling of Society: A Historical Perspective,” Physica A, Cilt 314, Sayı 1-4, ss. 1-14.
  5. Beinhocker, E. D., (2011), “Evolution as Computation: Integrating self-organization with generalized Darwinism,” Journal of Institutional Economics, 7(03), ss. 393-423. DOI: 10.1017/S1744137411000257. Birner, Jack, (2002), “A Conservative Approach to Progress in Economics,” Is There Progress in Economics? Knowledge Truth and The History of Economic Thought, S. Boehm, C. Gehrke, H.D. Kurz, R. Sturn (Eds.), Edward Elgar Publishing, Upp., ss. 65-88.
  6. Boyle, William A., (2016), “The Laws of Thermodynamics and Information and Economics,” Prince George’s Community College, http://academic.pgcc.edu/~wboyle/TMDInfoEcon.pdf (07.05.2016)
  7. Buldyrev, Sergey V. vd., (1997), “Scaling Behavior in Economics: II. Modeling of Company Growth,” Journal of Physics I, France, Cilt 7, No 4, ss. 635-650.
  8. Burda, Z., J. Jurkiewicz, M.A. Nowak, (2003), “Is Econophysics a Solid Science?,” http://arxiv.org/PS_cache/cond-mat/pdf/0301/0301096v1.pdf [10.03.2009].
  9. Cimbleris, Borisas, (1998), “Economy and Thermodynamics,” Economia & Energia, No:9, Federal University of Minas Gerais, http://www.ecen.com/eee9/ecoterme.htm [05.04.2010].
  10. Colp, Ralph, (1974), “The Contacts Between Karl Marx and Charles Darwin,” Journal of the History of Ideas, 35 (2), ss. 329-338.
  11. Çakır, Necip, (1998),
  12. Physics and Economics, Capital Markets Board of Turkey, Publication No: 114. Daly, Herman, (1971), “Towards A New Economics: Questioning Growth,” http://www