On Monday, March 16, 2009 at 12:45:22 (-0700) Jim Devine writes: >ravi wrote: >> http://www.sciam.com/blog/60-second-science/post.cfm?id=benoit-mandelbrot-and-the-wildness-2009-03-13< > >Mandelbrot says that "A very large part of economic theory is just >physical theory with the words changed."
Philip Mirowski made this point in his *More Heat Than Light: Economics as Social Physics, Physics as Nature's Economics*. >But standard economic theory is not like quantum mechanics at all even >though both give an important role to randomness. ... If I recall, Mirowski draws comparison to classical, not quantum physics. Bill _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
