Julio asked on Doug Henwood's Facebook page about what value the concept of Physics Envy might be. I thought that the way that he shows how economists tried to get physicists to endorse their work is very valuable.
354: "In a letter to an English economist named Henry MacLeod, who courted obscurity by comparing economics to physics without sufficient scientific background or academic influence to establish a research school, the much less obscure physicist James Clerk Maxwell confessed: "We are in the same boat .... [I]nstead of reducing economics to physics, I endeavour to impress upon beginners in physics the principles of book keeping" (H. D. MacLeod, An Address to the Board of Electors to the Professorship of Political Economy in the University of Cambridge [London, 1884], p. 12). -- Michael Perelman Economics Department California State University Chico, CA 95929 530 898 5321 fax 530 898 5901 http://michaelperelman.wordpress.com
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