Physics envy — a sure way to make economics useless

Sat, 18/03/2023 - 22:05
Sat, 18/03/2023 - 22:05
In the 1930s, Lionel Robbins laid down the basic commandments of the discipline when he said that the premises on which economics was founded followed from ‘deduction from simple assumptions reflecting very elementary facts of general experience’, and as such were ‘as universal as the laws of mathematics or mechanics, and as little capable of […]