The Economist on 100 years of Einstein
AbstractAn important aspect for economics and its methodology is the relation between its definitions and the reality that those definitions (should) reflect. Creative minds coin definitions that maximize explanatory power. An example that highlights this phenomenon can be found in physics and notably by the article in The Economist January 1 2005 on 100 years of Einstein. Physics with its methodology has had more impact on economics than the other way round. Physics seems to have become an arcane science and one wonders whether economics goes the same road. Both sciences are in danger of losing touch with reality and either blow up the world or destroy the world's economy if they don't spend close attention to their definitions and their transparancy. While it is most likely that the author simply doesn't understand physics, the exposition may still be beneficial for students of economics and its methodology.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by EconWPA in its series General Economics and Teaching with number 0501003.
Length: 9 pages
Date of creation: 20 Jan 2005
Date of revision:
Note: 9 pages html
Contact details of provider:
Web page: http://22.214.171.124
Find related papers by JEL classification:
- A00 - General Economics and Teaching - - General - - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2005-01-23 (All new papers)
- NEP-HIS-2005-01-23 (Business, Economic & Financial History)
- NEP-HPE-2005-01-23 (History & Philosophy of Economics)
- NEP-PKE-2005-01-23 (Post Keynesian Economics)
You can help add them by filling out this form.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (EconWPA).
If references are entirely missing, you can add them using this form.