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This book summarises progress in the understanding of financial markets and economics based on the established methodology of statistical physics. It offers a new approach to the fundamentals of economics that offers the potential for increased insight and understanding. It should be of interest to all serious students of the subject.

Produktbeschreibung
This book summarises progress in the understanding of financial markets and economics based on the established methodology of statistical physics. It offers a new approach to the fundamentals of economics that offers the potential for increased insight and understanding. It should be of interest to all serious students of the subject.
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Autorenporträt
Peter Richmond studied physics at Queen Mary College, University of London. His career included periods in academia including the Institute of Advanced Studies, ANU Canberra, and the Physics Laboratories, University of Kent. Most recently, in particular during the period spanning the volatile financial era from 1997-2007 and the great housing crash, he was with the School of Physics, Trinity College Dublin. During this period he introduced new research activity concerned with econophysics and gave a course on the subject to final year undergraduates. From 2003-2012 he was chair of two major concerted actions spanning 26 countries across Europe and sponsored by COST; 'Physics of Risk' (2003-2007) and 'Physics of Cooperation and Conflict' (2008-2012). He holds a DSc from the University of London and is a Fellow of the UK Institute of Physics. His publications cover aspects of condensed matter physics, colloids, econophysics, and sociophysics. Jürgen Mimkes studied physics at Georgia Augusta University, Göttingen and the Free University Berlin from 1959 to 1967. After a postdoctoral position at the University of Missouri, Rolla, USA he was Assistant Professor in solid-state thermodynamics at the Technical Universities in both Berlin and Clausthal. From 1977 to retirement in 2004, he was Professor of Physics at the University of Paderborn. He has held visiting appointments in College Park, Maryland, and Chuo University, Tokyo. Stefan Hutzler studied physics at the Universität Regensburg, Germany, and the University of Reading, UK. In 1997 he obtained his PhD from Trinity College Dublin, Ireland, where he is now Associate Professor in the School of Physics. He is also a Fellow of the College. His research interests are the physics of foams, packing problems, and complex systems. He has co-authored over 120 publications in these areas, including 'The Physics of Foams' (together with Prof. Denis Weaire), published by Oxford University Press in 1999.