| Issue |
Europhysics News
Volume 50, Number 1, January-February 2019
|
|
|---|---|---|
| Page(s) | 24 - 27 | |
| DOI | https://doi.org/10.1051/epn/2019103 | |
| Published online | 12 February 2019 | |
Econophysics: still fringe after 30 years?
It is customary to date the initial foray of physicists into economics to the September 1987 Santa Fe conference on “Economics as a complex evolving system", organised by two famous physicists (Phil Anderson & David Pines) and one famous economist (Ken Arrow)1. When confronted with the theories of Rational Expectations and Efficient Markets, then at the peak of their glory, Phil Anderson famously quipped: Do you guys really believe that?2 Many inspiring and insightful ideas were discussed during that conference [1], suggesting a potentially productive cross-fertilisation between economics and the (back then) nascent theory of complex systems.
© European Physical Society, EDP Sciences, 2019
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