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Physica A Statistical Mechanics and its Applications
Article . 2006 . Peer-reviewed
License: Elsevier TDM
Data sources: Crossref
https://dx.doi.org/10.48550/ar...
Article . 2006
License: arXiv Non-Exclusive Distribution
Data sources: Datacite
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Response to “Worrying Trends in Econophysics”

Authors: Joseph L. McCauley;

Response to “Worrying Trends in Econophysics”

Abstract

This article is a response to the recent Worrying Trends in Econophysics critique written by four respected theoretical economists. Two of the four have written books and papers that provide very useful critical analyses of the shortcomings of the standard textbook economic model, neo-classical economic theory and have even endorsed my book. Largely, their new paper reflects criticism that I have long made and that our group as a whole has more recently made. But I differ with the authors on some of their criticism, and partly with their proposed remedy.

Related Organizations
Keywords

Physics - Physics and Society, FOS: Physical sciences, General equilibrium; uncertainty; conservation laws; money nonconservation; nonintegrability of dynamical systems; financial markets; stochastic processes, Physics and Society (physics.soc-ph), FOS: Economics and business, Quantitative Finance - General Finance, General Finance (q-fin.GN), jel: jel:C0, jel: jel:A2, jel: jel:D8

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    This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
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    popularity
    This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
    Top 10%
    influence
    This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    Top 10%
    impulse
    This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
    Top 10%
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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
59
Top 10%
Top 10%
Top 10%
Green
bronze