Tag Archives: physics

from Lars Syll What does concern me about my discipline, however, is that its current core — by which I mainly mean the so-called dynamic stochastic general equilibrium approach — has become so mesmerized with its own internal logic that it has begun to confuse the precision it has achieved about its own world with the precision that it has about the real one … The dynamic stochastic general equilibrium strategy is so attractive, and even plain addictive, because it allows one to generate...

Important from the perspective of philosophy of science.Perhaps the most significant line is the last one: What is needed is new mathematics that will render these notions scientific,” he said. Then, perhaps, we’ll understand what we’ve been arguing about for so long. Recall that Newton had to develop the calculus as a new mathematical notation in order to express his discoveries in classical physics.Quanta MagazineQuantum Theory Rebuilt From Simple Physical Principles Philip Ball