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About Journal of Physics Economics
1) The document summarizes Philip Mirowski's book "More Heat Than Light: Economics as Social Physics, Physics as Nature's Economics". 2) Mirowski argues that economics has historically been shaped by its attempts to model itself after physics. Major economic theories from the Physiocrats to neoclassicism translated concepts from physics like conservation principles and field theory into economic frameworks. 3) While some of Mirowski's historical claims about the influence of specific physicists on economists can be debated, he comprehensively demonstrates many direct parallels between the development of physics and economics over time. He is particularly critical of the neoclassical adoption of utility as a field concept modeled on energy in physics.
Detailed Information
| Author: | ['mauudy'] |
|---|---|
| Publication Year: | 2014 |
| Pages: | 6 |
| Language: | English |
| Format: | |
| Price: | FREE |
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