Re: econophysics

[Julio Huato <juliohuato@xxxxxxxxx>]

Michael Perelman wrote:

> Pareto influenced Mandelbrot, whose key article was on cotton prices.
> This gave rise to the Santa Fe Institute & the support for that way of
> thinking.  Sam Bowles not runs their econ. Program.
>
> One interesting point about all of this.  Economists have been going
> around trying to bully social scientists with their math.  When Time on
> the Cross was first published, most historians seemed to be initially
> intimidated.  Now that economists are coming up against people trained
> in physics, they may revert to actually studying the economy instead of
> their "tools."

If the paper by Joseph L. McCauley is representative of the approach
physicists take on economic theory, then I'm not impressed.

Julio