I take a look at kinetic exchange models of income, and what we can learn from their mistakes.

Blair Fix

Let’s talk
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 econophysics
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. If you’re not familiar, ‘econophysics’ is an attempt to understand economic phenomena (like the distribution of income) using the tools of statistical mechanics. The field has been around for a few decades, but has received little attention from mainstream economists. I think this neglect is a shame. As someone trained in both the natural and social sciences, I welcome physicists foray into economics.

Messaggi di Rogue Scholar

Energizing Exchange: Learning from Econophysics’ Mistakes