Market Economies and Natural Laws

Market Economies and Natural Laws

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Dominique examines the evolution of economics from Antiquity to the present and shows that economics is a stillborn science. Economics explains by inappropriate mathematics and limited metaphors, and its in prediction is dismal. The alternative Dominique proposes, if it finds favor, could rid economics of its incongruities and misleading notions and make it consistent with other genuine scientific activities.THE COSTS OF DIVORCING PHYSICS Affirming the affinities between physics and economics is neither misleading nor new. In fact ... concepts borrowed from physics. ... The Concept of Potential When Walras was developing his theory of pure exchange, he was, of course, unaware of the ... In physics, the solutions of many problems of equilibrium (transient flow of electricity, disintegration of radioactiveanbsp;...

Title:Market Economies and Natural Laws
Author:C. René Dominique
Publisher:Greenwood Publishing Group - 2001-01-01


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