Do economists suffer from physics envy?
This paper summarizes and expands upon the thesis found in the author's More Heat Than Light (1989) that the origins and rise to dominance of the neoclassical orthodoxy has been intimately linked to the histOly of physics. Problems of »physics envy» include a certain contempt for the history of economics, a tendency towards the uncritical appropriation of a limited range of mathematical formalisms, and constant intrusions by physical scientists seeking to upgrade the scientific status of the discipline.
Volume (Year): 5 (1992)
Issue (Month): 1 (Spring)
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- Colander, David & Klamer, Arjo, 1987.
"The Making of an Economist,"
Journal of Economic Perspectives,
American Economic Association, vol. 1(2), pages 95-111, Fall.
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