IDEAS home Printed from https://ideas.repec.org/p/wpa/wuwpgt/0501003.html
   My bibliography  Save this paper

The Economist on 100 years of Einstein

Author

Listed:
  • Thomas Colignatus

    (Samuel van Houten Genootschap)

Abstract

An 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.

Suggested Citation

  • Thomas Colignatus, 2005. "The Economist on 100 years of Einstein," General Economics and Teaching 0501003, University Library of Munich, Germany.
    • Handle: RePEc:wpa:wuwpgt:0501003
    Note: 9 pages html
    as

    Download full text from publisher

    File URL: https://econwpa.ub.uni-muenchen.de/econ-wp/get/papers/0501/0501003.html
    Download Restriction: no
    ---><---

    More about this item

    JEL classification:

    • A00 - General Economics and Teaching - - General - - - General

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wpa:wuwpgt:0501003. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: EconWPA (email available below). General contact details of provider: https://econwpa.ub.uni-muenchen.de .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.