China Financial Policy Research Center (FRC),RUC


Mundell-Huang Lectures

Economic Fluctuations and Statistical Physics

Posted on May 31st, 2011

Topic: Economic Fluctuations and Statistical Physics: Quantifying Extremely Rare Events with Applications to the Present Worldwide Crisis

Harry Eugene Stanley is William Fairfield Warren Distinguished Professor at Boston University and one of the founding fathers of Econophysics. He coined the term ‘Econophysics’ in 1994 to denote the field of physics dealing with economic phenomena. With Stanley, his group has found empirical laws governing economic fluctuations and financial time seires, and proposed statistical mechanics models to explain their origins.

Stanley serves on the editorial board of many international journals. He has published tons of articles in top academic journals as Nature and PNAS. Some papers in statistic physics have been reprinted by top finance journals. Stanley has been elected to the U.S. National Academy of Sciences (2004). He was awarded the 2004 APS Nicholson Medal for Humanitarian Service. Stanley has received lots of other honors and prizes.