Summary
Jean-Philippe Bouchaud of Capital Fund Management compares economics with physics and finds economics wanting: strong assumptions, weak attention to data, and a record of missing crises.
He calls for economics to rebuild on empirical evidence.
Source
- Title
- Economics Needs a Scientific Revolution
- Author
- Jean-Philippe Bouchaud
- Year
- 2008
- Published by
- Nature
- Length
- 8 pages
- File
- PDF · 999 KB