Statistical Physics and Economics: Concepts, Tools, and Applications (2003)Hardcover - 2003, 8 April 2003

This book covers systematically and in simple language the physical foundations of evolution equations, stochastic processes and generalized Master equations applied on complex economic systems. Strong emphasis is placed on concepts, methods, and techniques for modeling, assessment, and solving or estimation of economic problems in an attempt to understand the large variability of financial markets, trading and communications networks, barriers to and acceleration of economic growth as well as the kinetics of product- and money-flows.