Limitation of ‘physics emulating’ economics
In connection with Ross Gittins important article “Want more economics students? Drop the obsession with maths” the more fundamental question is the utility of this approach in the social sciences to ape the “gold standard” for being a science — assumed to be physics — by describing the area under study via mathematical relationships.
The blog of Real World Economics Review, as well as posting items on current economics matters, also has those that address the weaknesses in mainstream economic mathematical modes.
Lars Syll is a regular and pertinent contributor on this issue; most recently “How evidence is treated in mainstream macroeconomics“.
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