Econophysics, Thermoeconomics and Phynance

Econophysics and Economic Complexity

As usual, none of these should be implicated in any errors or misinterpretations found in this paper.

Quantum Econophysics

The relationships between game theory and quantum mechanics let us propose certain quantization relationships through which we could describe and understand not only quantum but also classical, evolutionary and the biological systems that were described before through the replicator dynamics. Quantum mechanics could be used to explain more correctly biological and economical processes and even ...

Econophysics and Economic Complexity

Entropy and Econophysics

Entropy is a central concept of statistical mechanics, which is the main branch of physics that underlies econophysics, the application of physics concepts to understand economic phenomena. It enters into econophysics both in an ontological way through the Second Law of Thermodynamics as this drives the world economy from its ecological foundations as solar energy passes through food chains in ...

Thermoeconomics: beyond the Second Law

Physicist Erwin Schrödinger’s What is Life? (1945) has inspired many subsequent efforts to explain biological evolution, especially the evolution of complex systems, in terms of the Second Law of Thermodynamics and the concepts of "entropy" and "negative entropy." However, the problems associated with this paradigm are manifold. Some of these problems will be highlighted in the first part of th...