Econophysics and Income Distribution in the context of Economics and Physics Interaction

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SOSYOEKONOMI, vol.29, no.48, pp.377-405, 2021 (ESCI) identifier

  • Publication Type: Article / Article
  • Volume: 29 Issue: 48
  • Publication Date: 2021
  • Doi Number: 10.17233/sosyoekonomi.2021.02.18
  • Journal Name: SOSYOEKONOMI
  • Journal Indexes: Emerging Sources Citation Index (ESCI), TR DİZİN (ULAKBİM)
  • Page Numbers: pp.377-405
  • Keywords: Interaction of Economics and Physics, Econophysics, Income Distribution
  • Dokuz Eylül University Affiliated: Yes


Suppose the 18th century is considered when the modem foundations of classical political economics were laid, and institutionalization of economics has occurred. In that case, it can be said that classical physics especially had essential effects on economics, the 18th and 19th centuries. This historical interaction between economics and the physical sciences is realized through the conceptual and mathematical developments of physics and the economics of defining, predicting, and explaining natural phenomena. In this context, as an interdisciplinary field emerged in recent years, economics is based on the use of laws, theories, and methods developed by the physicists such as uncertainty, stochastic (probabilistic) processes, and economical solutions problems with nonlinear/nonlinear dynamics. The study aims to explain the methods and partnerships of the econophysics studies primarily related to income distribution. Thus, it is attempted to fill the gap in this field in Turkish literature.