Discussion Paper
No. 2015-51 |
July 15, 2015
An Application of Econophysics to the History of Economic Thought: The Analysis of Texts from the Frequency of Appearance of Key Words
Abstract
This article poses a new methodology applying the statistical analysis to the economic literature. This analysis has never been used in the history of economic thought, albeit it may open up new possibilities and provide us with further explanations so as to reconsider theoretical issues. With that purpose in mind, the article applies the intermittency of the turbulence in different economic texts, and specifically in three important authors: William Stanley Jevons, Adam Smith, and Karl Marx.
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