28min chapter

Sean Carroll's Mindscape: Science, Society, Philosophy, Culture, Arts, and Ideas cover image

AMA | November 2024

Sean Carroll's Mindscape: Science, Society, Philosophy, Culture, Arts, and Ideas

CHAPTER

Evolving Paradigms in Science and Economics

This chapter examines the shift in scientific paradigms, particularly in economics, drawing parallels with the transition from classical to quantum mechanics in physics. It discusses the impact of empirical data on scientific consensus and the challenges of altering established beliefs in ambiguous fields. Additionally, the chapter explores complex concepts such as quantum decoherence, the implications of unobservable elements in theories, and the relationship between economic stability and fluctuations.

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