While the term ‘econophysics’ is relatively new having been coined in the 1990s by the famous physicist Eugene Stanley, there are already quite a few books that deal with some aspects or the other of this new discipline. ...

The Inequality Process (IP) is a particle system model similar to that of the Kinetic Theory of Gases. The IP is a parsimonious model of competition among people for wealth. The IP explains a wide scope of stable patterns ...

Zipf’s Law is an empirical phenomenon observed in many natural systems. The distribution of a physical variable demonstrates sharp rise at the right tail under this law. The occurrence of this law is pervasive among the ...