Header menu link for other important links
Absence of economic and social constants
Anindya Chakrabarti S.,
Published in Springer Verlag
Volume: 225
Issue: 17-18
Pages: 3115 - 3119
In this article, we discuss the possibility of economics as a discipline emulating the success of hard sciences. In our view, a fundamental obstacle arises from the fact that economics does not have (m)any stable and robust laws governing economic systems that hold true irrespective of the source of data. One possible but untested way to introduce some of the evolving features of large scale economic systems, e.g. out-of-equilibrium dynamics and finite rationality, is evolutionary game theory.
About the journal
JournalData powered by TypesetEuropean Physical Journal: Special Topics
PublisherData powered by TypesetSpringer Verlag
Open AccessNo