Narrow Results

How can we solve problems in the society that cause socio economic crises such as the one of 2008? Here we introduce the subject of this special issue, ‘physics of societies’, dealing with a general introduction to the subject, and the particular special issue projects’ presentation, explaining why this subject is important to the scientific community and to the society, what are the problems that we can deal better using these approaches, and what can be suggested to do next in practice. We emphasize the strength of physics of socio-economic systems to treat problems in nations that are not solved with other approaches, and that these results can indeed affect the people, in particular with intervention schemes that support creating managed organizations, including support from socio-economic-organizations, for instance.

In this review, work from three centuries of biophysical economics is presented, starting from the physiocrats’ early work in biophysical economics in 1755, to the most recent modeling of modern societies with approaches from biophysics and physics, to explain the wealth distribution, opinions and power structures in societies and nations. At the same time, we are also dealing with generalizations, in particular, how to define and create fairness in nations. The general conclusions emphasize the strength of socio-econo-physics in explaining nations, also in comparison to the other approaches, due to the unbiased starting points and diversity in methods. The results emphasize that fairness is increased with citizens’ activities that create smoother income distributions and improving the flow of opportunities in the nation. Fairness also fights unjust socio-economic biases and suggests advancing citizens-managed organizations.