McCauley, Joseph L. (2006): Response to worrying trends in econophysics. Published in: Physica A , Vol. 371, No. 2 (15 November 2006): pp. 601609.

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Abstract
This article is a response to the recent “Worrying Trends in Econophysics” critique written by four respected theoretical economists [1]. Two of the four have written books and papers that provide very useful critical analyses of the shortcomings of the standard textbook economic model, neoclassical economic theory [2,3] and have even endorsed my book [4]. Largely, their new paper reflects criticism that I have long made [4,5,6,7,] and that our group as a whole has more recently made [8]. But I differ with the authors on some of their criticism, and partly with their proposed remedy.
Item Type:  MPRA Paper 

Institution:  University of Houston 
Original Title:  Response to worrying trends in econophysics 
Language:  English 
Keywords:  General equilibrium; uncertainty; conservation laws; money nonconservation; nonintegrability of dynamical systems; financial markets; stochastic processes 
Subjects:  D  Microeconomics > D8  Information, Knowledge, and Uncertainty C  Mathematical and Quantitative Methods > C0  General A  General Economics and Teaching > A2  Economic Education and Teaching of Economics 
Item ID:  2129 
Depositing User:  Joseph L. McCauley 
Date Deposited:  09 Mar 2007 
Last Modified:  15 Jul 2016 23:20 
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URI:  https://mpra.ub.unimuenchen.de/id/eprint/2129 