Response to Worrying Trends in Econophysics
arXiv:physics/0606002 · doi:10.1016/j.physa.2006.05.043
Abstract
This article is a response to the recent Worrying Trends in Econophysics critique written by four respected theoretical economists. Two of the four have written books and papers that provide very useful critical analyses of the shortcomings of the standard textbook economic model, neo-classical economic theory and have even endorsed my book. Largely, their new paper reflects criticism that I have long made and that our group as a whole has more recently made. But I differ with the authors on some of their criticism, and partly with their proposed remedy.
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Cited by in corpus (9)
- Colloquium: Statistical mechanics of money, wealth, and income
- Evidence for the Gompertz Curve in the Income Distribution of Brazil 1978-2005
- Revisiting the thermal and superthermal two-class distribution of incomes: A critical perspective
- A Statistical Test of Walrasian Equilibrium by Means of Complex Networks Theory
- Statistical ensembles for money and debt
- Critical phenomena in the market of competing firms induced by state interventionism
- Econophysics, Statistical Mechanics Approach to
- Piketty's second fundamental law of capitalism as an emergent property in a kinetic wealth-exchange model of economic growth
- Econophysics: Bridges over a Turbulent Current