Physics Today book review authored by Professor Stanley
January 24, 2008
Professor Gene Stanley reviewed “Random Processes in Physics and Finance” (M. Lax, W. Cai, M. Xu) in Physics Today:
“The term ‘econophysics’ was introduced just 14 years ago, but the tradition of physicists being fascinated by random processes in finance has a history much older than that. In fact, both Nicolaus Copernicus and Isaac Newton invested considerable intellectual energy in attempting to understand the economic problems of their day.”
To read the full review, click here.