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Tuesday, December 13, 2005


Edward Hugh

"just as most economists do not think about the physics roots of standard neoclassical economic theory today."

Well I do. In fact I think the physics roots are part of the problem, not part of the solution. If luck would have had it that biology had been as much in vogue in the 50s and 60s as it is today I think economic theory would already be looking pretty different.

Edward Hugh

I'm in good company it seems. From the Rooser article:

"Nevertheless, there has long been a tradition among economists of advocating drawing more from biology for inspiration than from physics (Hodgson, 1993), going back at least as far as Alfred Marshall’s famous declaration that economics is “a branch of biology broadly interpreted” (Marshall, 1920, p. 637), even as Marshall’s actual analytical apparatus arguably drew more from physics than from biology."

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if i had my life to live over...i would have talked less and listened more.

Asics Tiger

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Thankyou for a very entertaining and enlightening piece. It definitly opened my eyes to allot of things I had not thought of before.

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This is a great post and makes me think of where I can fit in. I do a little bit of everything mentioned here and I guess I have to find my competitive advantage

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