From Galileo to Modern Economics The Italian Origins of Econophysics
Empirical laws are rare in economics. This book describes efforts to anchor economic knowledge to invariant empirical laws. It links 17th and 18th century Galilean monetary economists to econophysics, a field that emerged in the mid-1990s. This virtual jo
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Gianfranco Tusset
From Galileo to Modern Economics
Gianfranco Tusset
From Galileo to Modern Economics The Italian Origins of Econophysics
Gianfranco Tusset University of Padova Padova, Italy
ISBN 978-3-319-95611-4 ISBN 978-3-319-95612-1 (eBook) https://doi.org/10.1007/978-3-319-95612-1 Library of Congress Control Number: 2018952942 © The Editor(s) (if applicable) and The Author(s) 2018 This work is subject to copyright. All rights are solely and exclusively licensed by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. Cover illustration: The Bookworm Collection / Alamy Stock Photo This Palgrave Macmillan imprint is published by the registered company Springer Nature Switzerland AG The registered company address is: Gewerbestrasse 11, 6330 Cham, Switzerland
To Elly, who loves mathematics
Acknowledgments
Only the history of economic thought gives us the chance to appreciate those entirely unfettered attempts to build new avenues for economic research that have marked the evolution of economic knowledge. Freedom is the first irreplaceable ingredient of any scientific study—and the ability to observe, experiment, and think freely is the hidden but true protagonist of the stories told here. I would like to thank Stefano Solari for his suggestions concerning the economists of the Lombardo-Veneto School and two anonymous referees for their stimulating comments. I am also grateful for the helpful comments I received from the participants attending the various conferences on economics and history of economic thought where I presented parts of this work. Thanks go to Frances Coburn for her valuable language editing. Any errors remaining are entirely mine. Finally, I am grateful to the following publishers for permission to reproduce parts of already published articles of mine. Fabrizio Serra Editore for the article “Individual and market inertia in Luigi Amoroso’s cycle model”. History of Economic Ideas, 20/2012/2, 4
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