Physical economics

Physical economics is a school of thought and area of research in economics that aims to study the economy along the lines of natural sciences (in particular, physics) with the use of mathematical modeling. Physical economics puts aside the financial and monetary aspects of the economy, and treats the economy of the world, a nation, or region as en entity analogous to a living organism, or, in other words, a single, integrated, self-reproducing physical process. Since the fall of the Soviet Union, the Lebedev Physical Institute at the Russian Academy of Sciences has emerged as the world's leading center of research in physical economics, thanks in large part to the studies of Dmitrii S. Chernavskiy, Nikolai I. Starkov, and Andrei V. Shcherbakov.

Related Topics:
Research - Economics - Economy - Natural sciences - Physics - Mathematical modeling - Financial - Monetary - Organism - Soviet Union - Lebedev Physical Institute - Russian Academy of Sciences - Dmitrii S. Chernavskiy - Nikolai I. Starkov - Andrei V. Shcherbakov

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