Response to worrying trends in econophysics
This article is a response to the recent “Worrying Trends in Econophysics” critique written by four respected theoretical economists . Two of the four have written books and papers that provide very useful critical analyses of the shortcomings of the standard textbook economic model, neo-classical economic theory [2,3] and have even endorsed my book . Largely, their new paper reflects criticism that I have long made [4,5,6,7,] and that our group as a whole has more recently made . But I differ with the authors on some of their criticism, and partly with their proposed remedy.
|Date of creation:||29 May 2006|
|Date of revision:|
|Publication status:||Published in Physica A 2.371(2006): pp. 601-609|
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- Gallegati, Mauro & Keen, Steve & Lux, Thomas & Ormerod, Paul, 2006. "Worrying trends in econophysics," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 370(1), pages 1-6.
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