The Santa Fe Institute and Econophysics: A Possible Genealogy?

Abstract

For the last three decades, physicists have been moving beyond the boundaries of their discipline, using their methods to study various problems usually instigated by economists. This trend labeled ‘econophysics’ can be seen as a hybrid area of knowledge that exists between economics and physics. Econophysics did not spring from nowhere—the existing literature agrees that econophysics emerged in the 1990s and historical studies on the field mainly deal with what happened during that decade. This article aims at investigating what happened before the 1990s by clarifying the epistemic background that might have paved the way to the emergence of econophysics. This historical exploration led me to highlight the active role played by the Santa Fe Institute by promoting interdisciplinary research on complexity in 1980s. Precisely, by defining three research themes on economic complexity, the SFI defined a research agenda and a way of extending physics\biology to economics. This article offers a possible archeology of econophysics to clarify what could have contributed to the development of a particular episteme in the 1980s easing the advent of econophysics in the 1990s.