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by quantum_state
3279 days ago
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An interesting article ... but not sure it's that accurate to compare economics to physics ... the closest situation comes to mind would be the phenomenon of turbulence ... which still is more manageable than economics since the controlling principles are known and controlled experiments can be performed ... on the other hand, an economic system involves many many agents of different scales, most of time seemingly rational but certainly emotional, interacting nonlinearly at all scales, without much chance of controlled experiments ... |
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