Econophysics as a cause of a scientic revolution in mainstream economics

Abstract

The aim of this article is to establish whether econophysics can cause a scientic revolution and fundamentally change the image of mainstream economics. Science development processes were carefully analysed by Kuhn, who even created a specic vocabulary for it. The most important phrases include paradigm and scientic community. When comparing the disciplinary matrices of econophysics and economics, it has to be stressed that despite the absolute compatibility of the goals of both sciences, econophysics is not as postulated from time to time a new econometric approach that entails the application of physics in studies of economics, but rather it is a scientic eld totally dierent from economics. The disproportion between the disciplinary matrices of both sciences regards such elements as symbolic generalisations, models, values, and exemplars. Therefore, it seems that progressive accumulation of knowledge in economics will reveal new anomalies as well as deepen existing ones, making a paradigm shift inevitable. A scientic revolution should be expected at an international level, and in such countries as Poland it will be external and forced. The reasons for that lie in psychology and history. In 1989, in Poland and in other post-socialist countries, a rapid change in the disciplinary matrix of economics occurred and involved the replacement of the socialist economic paradigm with the capitalist economic paradigm. Another scientic revolution of such nature is right around the corner and entails replacing the disciplinary matrix of economics with the transdisciplinary matrix of econophysics. Since Polish economists have tried very hard to resist such a great number of changes, the paradigm shift will require deep involvement and much work from young scholars.