Comment by littlestymaar
7 hours ago
> This is a bad model to pick to exemplify physics envy given it’s based on thermodynamic dispersion.
Using a model derived from physics is not having physics envy.
> The term “physics envy” broadly applies to all social sciences lacking a mathematical basis
No, physics envy is about thinking you can have the same prediction power as physics using simple mathematical tools just because some branch of physics do (while not understanding physics at the same time, because all of physics definitely doesn't work like that).
> It’s a criticism of using math where it doesn’t belong. That hasn’t really fit (until very recently) with economics
Well, if you consider Ricardo to be recent, maybe…
No comments yet
Contribute on Hacker News ↗