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To my knowledge, econophysics - despite the strong marketing effort - has yet to produce new insights into the actual economy (and it has been going on since th
by 1000units 8y ago
To my knowledge, econophysics - despite the strong marketing effort - has yet to produce new insights into the actual economy (and it has been going on since the at least twenty years).
Has econo-anything produced new insights into the economy over the last twenty years? I'm not an economics professor, so I'm not totally emerged in the literature, but it doesn't seem to be the case from my vantage point.
- qubex 8y agoI'd say that behavioural economics is the field that has made the greatest progress over the past one/two decades (though it pains me profoundly to say so because it's the furthest removed from my area of the discipline).
- disgruntledphd2 8y agoHonestly, from my perspective (trained as a psychologist), behavioural economics is essentially running social psychology experiments on economic behvaiour. While it's great that economists have finally abandoned rational actors, it's not really news to the rest of the social science world. Edit: speeling mistak