Jason Smith — One more physics analogy

Continuing the debate.

David Glasner found a back-and-forth between me and a commenter (with the pseudonym "Avon Barksdale" after the character on The Wire who ends up taking an economics class) on Nick Rowe's blog who expressed the (widely held) view that the only scientific way to proceed in economics is with rigorous microfoundations. "Avon" held physics up as a purported shining example of this approach.

I couldn't let it go: even physics isn't that reductionist.

Is the assumption of stable equilibrium based on rationality taking a special case for a general one?

Information Transfer Economics
One more physics analogy
Jason Smith