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
