
Thomas Murphy: “Physics and Planetary Ambitions”
The Great Simplification with Nate Hagens
00:00
Physics and Economics - Are They Similar?
Economics and physics are similar in that they use math. They are different because physics is a self correcting enterprise, with nature as the final arbiter. So you can theorize till you're blue in the face, but if the experiments don't back it up, then it's junk. Economics is a little bit too eager, too, to follow its model. You had herman daly as a guest on thi spot cast, and i think he he put it very well as i think the fallacy of misplaced concreteness. I believe we were the words to describe o over indul ence in believing them model over the assumptions.
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