The Proximity of Economics and Physics

I get the feeling you're coming at this from different sides here. Maybe we could return to the physics case. You might want a theory of motion of physical objects that holds true for a perfectly smooth liquid where all objects move frictionlessly. That would be a cool theory. And yet if we're sending rockets or building summaries, we might want a bit more. We might want friction in the theory. We might even want to add relativity and move beyond Newtonian. So being clear about what it is you wanted to get out of the theory is very wise.That's my sense in physics and in econes. Yes. Oh, the parallel. There's so much here.

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