Indeed, I also feel that economic theories in classroom are sometimes too obsessed with mimicking physics and make too many assumptions and omit too many details in order to build a seemingly perfect mathematic model, which cannot withstand scrutiny and reality testing. It brings more confusion than knowledge.
Ironically though, I have found reading physics as incredibly helpful for my thinking in markets. Chaos and complexity theory from the Santa Fee institue as well
Thanks for the recommendation. Reminds me of Origin of Wealth. Will check Santa Fe out.
Indeed, I also feel that economic theories in classroom are sometimes too obsessed with mimicking physics and make too many assumptions and omit too many details in order to build a seemingly perfect mathematic model, which cannot withstand scrutiny and reality testing. It brings more confusion than knowledge.
Indeed.
Ironically though, I have found reading physics as incredibly helpful for my thinking in markets. Chaos and complexity theory from the Santa Fee institue as well