> While physics can explain a lot of everyday life, you don't need to actually know it, understand it, or even be correct about it to use the effects. The auth

> While physics can explain a lot of everyday life, you don't need to actually know it, understand it, or even be correct about it to use the effects. The author is not referring to ordinary people though. Let me paraphrase the quoted text: > What this argument misses is that the stakes of bad economics are often far higher than bad physics: [physicists] being wrong about gravitational waves may cost [them their] tenure, but [economists] being wrong about the minimum wage might condemn tens of millions to poverty.