3 ms·
Not really true. Econophysics, which is composed almost entirely of physicists, has not really panned out in any way. One of the biggest criticisms of economic
by lenticular 8y ago
Not really true. Econophysics, which is composed almost entirely of physicists, has not really panned out in any way.
One of the biggest criticisms of economics is faith in complex mathematical models without solid foundations or conserved quantities like in physics. Econophysics doubles down on this. It's not the right direction.
- 1000units 8y agoIt's panned out in the sense that it earned them funding and prestige, which is the aim of economics (as opposed to investigating truth, which is the aim of physics/science).
- lenticular 8y agoSpeaking as a physical scientist, that is a really unhelpful and bizarre opinion. Many areas of physical science, especially medicine, are facing a replication crisis due to shoddy stats themselves. And it's not like the goal of physical science academics isn't also funding and prestige (have you BEEN in academia?). Every scientific field has its problems. Arrogantly dismissing economics while assuming physical scientists are amazing truth-seeking ubermenschen is just stupid.
- 1000units 8y agoI confess I was being charitable.