This professor at UMD has published his research showing that the principles of economics, finance, and personal wealth can be better modeled using the principals of physics than those which economists have been using since the inception of economics. I've always liked the notion that economics is called the "lazy science," but never seen any proof of it other than watching economics majors drink themselves into oblivion and still manage to graduate with honors.
Clearly, this is more reading than a single sitting, but the material is interesting enough to keep going back to.
Tags: Economics, Physics
Monday, April 24, 2006
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