I would like to stress here that this creative process of the transfer of the formal methods of physics into classical economic theory presents the main point of the concept of the agent-based physical modeling of the economic systems and physical economics as a whole. One can say that, in essence, physical economics is first and foremost the mathematical apparatus of classical economic theory at the contemporary level of its development. This mathematical apparatus is borrowed from theoretical physics and has therefore practically nothing to do with the mathematical apparatus of neoclassical economics.
In order not to overload the text of the book by the descriptions of the known concepts of classical economic theory upon which I rested in this investigation, I make use of complete quotations from the fundamental monograph of Ludwig von Mises [5] as epigraphs to each part and chapter of the book, with two exceptions. This method allowed me to avoid the mixing of completely different styles of the presentation in the book, which could hinder the perception of the text by readers. This is very important for me, since I have attempted to not to disappoint the readers, and to convince them of how it is fruitful to make use of achievements in theoretical physics for the development of economics. The point is not in the book’s detail, but rather in its broader concept of agent-based physical modeling of economic systems, which, in my view, has enormous potential. Here lies, I think, a new and enormous field for investigation, in which an abundant harvest will be gathered for many decades yet to come. I hope that the readers will obtain a certain benefit from the acquaintance with this new physical economic perspective for economic theory.
1. Rosario N. Mantegna, Eugene H. Stanley. An Introduction to Econophysics: Correlations and Complexity in Finance. Cambridge University Press, 1999.
2. Peter Richmond, Jürgen Mimkes, and Stefan Hutzler. Econophysics and Physical Economics. Oxford University Press, 2013.
3. D.S. Chernavsky, N.I. Starkov, A.V. Shcherbakov. On some problems of physical economics. UFN, Vol. 172, N 9, pp. 1046–1066, 2002.
4. A.V. Kondratenko. Physical Modeling of Economic Systems. Classical and Quantum Economies.