Vol 9, No 3 (2021)

Econophysics and Econolinguistics: A Conceptual Analysis

Muhammad Nadzif Bin Ramlan


This study aspires to discuss the capability of the economics study through its relevance with two distinguished subjects: physics, a branch of pure science concerned with the structure of matter and the interactions of the universe's fundamental elements, and linguistics – a social science study of the structure and formation of human language that applies to all aspects of human activity. This paper will cover the origin and nature of the two neologisms, the institutionalization of the terms by lexicography and publication trend in Google Scholar, the scope of the studies concerned as well as future potentials and challenges of the two interdisciplinary studies. The applications of econophysics covered in this paper based on previous research include valuation of stock options, exchange rate and economic performance due to COVID-19 pandemic. Econolinguistics includes labor market, game theory and the linguistic landscape in conjunction with the Tokyo Olympic 2020 event. The potentials of econolinguistics for future research and discovery and the challenges faced by econophysics regarding its role in economic analysis will also be discussed. This paper concludes with the hypothesis of econolinguistics and econophysics can be consolidated to perform a more comprehensive economic analysis, since the former delineates the microeconomic agents while the latter zooms out to explicate the macroeconomic events caused by those agents.

Full text:     Download pdf PDF


Econophysics, Econolinguistics, Iinstitutionalization, Applications, Potentials, Challenges.

Publication information

Volume 9, Issue 3
Year of Publication: 2021
ISSN: 1857 - 8721
Publisher: EDNOTERA

How to cite

Bin Ramlan M. N.: Econophysics and Econolinguistics: A Conceptual Analysis. Journal of Applied Economics and Business, Vol 9, No. 3, 70-99. (2021)