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Sunday, May 10, 2015

Economists don't have "physics envy"

Sunday, 10 May 2015 - 1:38am

I hear all the time that economists have "physics envy". This doesn't seem even remotely true. I'm not sure whether "physics envy" means that economists envy physicists, or that economists want to make physics-style theories, or that economists wish their theories worked as well as those of physicists. But none of these are true.

Reasons why economists don't have physics envy include:

1. Economists make a lot more money than physicists.

Sunday, May 10, 2015