There was some micro stuff in McCauley's book (on the type of step function an individual firm or person's demand schedule should be described by to be more realistic, talked about increasing returns, one of the things that I didn't understand well but it seemed like it would be quite significant if correct was about how elasticity was a false concept, a different explanation of prices based upon MFM Osborne, this is micro stuff right?) and I think he may have mentioned those specific companies, but just in a rant against the free makret (which I suppose is related to the purpose of the book in general, but there was certainly no model of those firms).I think he implies he agrees with the microanalysis in "Debunking Economics" to a large degree.
Of course, McCauley is the only econophysicist I've read so I don't know how representative he is. > I'd like to see an econophysics model of Enron, Worldcom etc., or do > they avoid the microdynamics of the firm completely? All the stuff > I've looked at leads me to believe they haven't spent much time > looking at/working in actual companies, opting for an Olympian view > that is irrelevant. >
