Using tricks to handle coupled nonlinear dynamical many-body systems, several advancements have already been made in understanding the behavior of markets/economic/social systems and their dynamics. The book intends to provide the reader with updated reviews on such major developments in both econophysics and sociophysics, by leading experts in the respective fields. This is the first book providing a panoramic view of these developments in the last decade.

Using tricks to handle coupled nonlinear dynamical many-body systems, several advancements have already been made in understanding the behavior of markets/economic/social systems and their dynamics. The book intends to provide the reader with updated reviews on such major developments in both econophysics and sociophysics, by leading experts in the respective fields. This is the first book providing a panoramic view of these developments in the last decade.

1. A thermodynamic formulation of economics (J.Mimkes)2. Zero-Intelligence models of limit order markets (R.Stinchcombe)3. Understanding and managing the future evolution of a competitive multi-agent population (D.M.D.Smith and N.F.Johnson)4. Firms' growth and networks (Y.Fujiwara, H.Aoyama, W.Souma)5. A review of empirical studies and models of income distributions in society (P.Richmond, S.Hutzler, R.Coelho, P.Repetowicz)6. Models of wealth distributions - a perspective (A.KarGupta)7. The contribution of money transfer models to economics (Y.Wang, N.Xi, N.Ding)8. Fluctuations in foreign exchange markets (Y.Aiba, N.Hatano)9. Econophysics of stock and foreign currency exchange markets (M.Ausloos)10. A thermodynamic formulation of social science (J.Mimkes)11. Computer simulation of language competition by physicists (C.Schulze, D.Stauffer)12. Social opinion dynamics (G.Weisbuch)13. Opinion dynamics, minority spreading and heterogeneous beliefs (S.Galam)14. Global terrorism versus social permeability to underground activities (S.Galam)15. How a 'hit' is born: the emergence of popularity from the dynamics of collective choice (S.Sinha, R.Kumar Pan)16. Crowd dynamics (A.Johansson, D.Helbing)17. Complexities of social networks: a physicist's perspective (P.Sen)18. Emergence of memory in networks of non-linear units: from neurons to plant cells (J.Inoue)19. Self-organization principles in supply networks and production systems (D.Helbing, T.Seidel, S.Lämmer, K.Peters)20. Can we recognize an innovation? Perspective from an evolving network model (S.Jain, S.Krishna)Subject IndexAuthor Index