495 research outputs found
Economics need a scientific revolution
I argue that the current financial crisis highlights the crucial need of a
change of mindset in economics and financial engineering, that should move away
from dogmatic axioms and focus more on data, orders of magnitudes, and
plausible, albeit non rigorous, arguments.Comment: An edited version of this essay appeared in Natur
Econophysics: Still fringe after 30 years?
Some personal reflections on the past and future of "econophysics", to appear
in Europhysics NewsComment: 5 pages + references, 1 figur
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