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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.
Year of publication:
2008-10
Authors: Bouchaud, Jean-Philippe
Institutions: arXiv.org
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application/pdf
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Type of publication: Book / Working Paper
Notes:
Published in Nature, vol 455, p. 1181 (2008)
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Persistent link: https://www.econbiz.de/10005099161
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