Physicists Intervene To Understand Problems Of Society

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Physicists Intervene To Understand Problems of Society

2009 May 9tags: Communication, Economic Recovery, Economy, Education, Energy, Physics, Stock Market, Technology, TED, Wall Street, War

by Mitch Chester

When one hears the word Physicist, connotations of isolatedscientists dealing with mysterious forces and physical phenomenainvolving matter come to mind. But just like the elements andconcepts these specialists usually study, the worlds they explore arerapidly expanding into comprehending human behavior, includingeconomics and the complex forces that affect us all. Welcome toEconophysics which deals with statistical mechanics. This field ofstudy is rather newit started in the 1990s, and you are likely to heara lot about it in the coming yearsand ways it can improveyourlife.

Take the physicists who are studying how to predict future economiccatastrophes. According to the April edition ofPortfolio(which likesome forms of matter has now disappeared), scientists are laboring tosupplement the work of economists to study the intricacies of economicbehavior to foresee future financial crisis. The magazine reportsphysicists can build and study a complete model of the economy torecognize dynamic economic interactions which might help us avertfuture recessions by studying early warning signs. Their work isalready being pursued in understanding the regulation of energy

markets in Illinois.

But thats not all. Computational and socio-physicists are also exploring warfare models and civil conflicts and are detecting patterns ofbehavior that map and suggest military and casualty trends. (See Gourley TED video above). The results of this ground breaking butcontroversial scientific research may someday help policy makers avert war, not just study and react to it.

There are reports econophysicists have even probed such varied problems as cardiac patterns, stock price fluctuations and earthquakepredictions. Might they someday help save you, a loved one or your business?

In a September, 2005 article published by Physics Today, the authors comment that an emerging body of work by physicists addressing

questions of economic organization and function suggests new approaches to economics and a broadening of the scope of physics. Books,ournals and conferences have sprung up to discuss this new endeavor. Just look at the publications on Scribdright now for proof. Spreading

quickly as a serious field of study, the Physics Today article reports that physics departments worldwide are granting PhD theses for researchin economics. On one University website studying econophysics, the question is asked, What is the flagship achievement of economics,apart from its recurrent inability to predict and avert crisis, including the worldwide credit crunch? Indeed, physics may be the missingelement to help us get a better grip on the dynamics of money.

Clearly, this work is seen as outside the mainstreambut from a laypersons perspective, it seems rational to delve into this science in an effortto better understand finance and behavior. Why not? The growing art of combining concepts and models of physics with economics andhuman behavior is intriguing. Why should we look with tunnel vision to understand the failure of Wall Street by confining our search to thework product of the very same economists and bankers who helped create our present near-depression? If we broaden our scrutiny of events

y employing the work different technical disciplines, we might be able to better appreciate, and avoid, future negative events.

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It is the real-time interaction of experts within different disciplines that can solve many of todays vexing problems. No longer need we studyeconomics with just economists. We are not limited to understanding the psychology of international and national human conflict by restrictingourselves to the political scientists. Psychologists should not work alone in understanding brain behavior. By introducing mathematicians,those who study the physical sciences and other forensic investigators of complex systems, we can better chart, and prepare for, the rush ofevents that make up todays evolving fabric of future human history.

The message here: Collaboration among disciplines is an imperative.

Last year some friends and I sponsored an affordable housing design course at an internationally acclaimed School of Architecture. Thiscourse added a twist, however. We brought in engineers to work with the architects to collaborate on selection of the best physical materials touse in the production of real world affordable living units. The first meeting was amazingthe engineering professors had never worked withtheir counterparts in the architecture department and were thrilled at the opportunity. All they needed to do was talkwith each other. Theresult was exponentially more productive than if the architectural students worked in a vacuum just on paper and excluded other mindsets andideas. The revelation that the two departments had never collaborated before 2008 was, to say the least, shockingly sad, however. That courseproved interdisciplinary collaboration can, and does work, but is under utilized.

Assembling groups of scientists from many different disciplines, includingstatistical physicists, to attack key problems which society once onlylooked at from a one-dimensional perspective is, perhaps, the warp speedwormhole we need for significant problem solving. Its social science at anew level. Its just like the social networking we you and I are engagedin on WordPress, Twitter, FaceBook, MySpace and Scribd, but at moretechnical levels. We need to open our minds to new explanations.Noproblem is too hard to tackle if we infuse unconventional approachesto create solutions. Go physicists. Go scientists. Go Gourley.

Lets create shared emergence of collaboration in this age of intricatechallenges.

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Physicists Intervene To Understand Problems Of Society