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There is a main difference between Physics and Economics. Physics tries to explain the laws of nature which do not change over time. But Economics tries to expl
by NumberCruncher 11y ago
There is a main difference between Physics and Economics. Physics tries to explain the laws of nature which do not change over time. But Economics tries to explain the laws of a system based on human knowledge and believes which is anything but robust. Using modeling techniques borrowed from Physics/Mathematics in the field of Economics can work very well but only if the laws you are investigating are robust over a given period of time.
Edit: typo