> economics isn't physics - and it isn't ruled by physics-like laws Professor Mark Blyth has a very good summary of this: https://www.youtube.com/watch?v=hmWb

> economics isn't physics - and it isn't ruled by physics-like laws Professor Mark Blyth has a very good summary of this: https://www.youtube.com/watch?v=hmWbkPezgtU https://www.youtube.com/watch?v=hmWbkPezgtU The problem for economics as it's become very mathematical and technical is that the intrinsic beauty and rigor and appeal of the models themselves have become an attractor - something that research gravitates towards. [...] There is a great attraction in these types of models; they create a world of equilibrium, a world of stability almost by accident - they are just a consequence of the model, and it's a beautiful and seductive world.