Econophysics: Bridging the Gap Between Economics and Physics

Abstract

Econophysics, a multidisciplinary field that emerged in the late 20th century, aims to apply the principles and methodologies of physics to understand economic phenomena. This article explores the foundations, key concepts, and contributions of econophysics in bridging the gap between economics and physics. It delves into the diverse aspects of this field, highlighting its potential to shed light on complex economic systems and offer new perspectives on financial markets.