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РУБСРИВКЕАТ
(photo: http://res.cloudinary.com/)
different economists, directors of eco- tions create a network of non-linear an-
nomic schools, philosophers, and intel- swers. These elements learn from each
lectuals who are calling for the economy other and adjust, their reactions create
“to turn towards the life”, and “towards new coherent structures and fluctua-
its essence”. If you are prepared to rip tions at a collective level, so that these
your old book, on the site ineteconom- structures later on can act downwards
ics.org there is a developed sequence of on the behavior of these elements, which
textbooks and teaching tools which can is, if we borrow the explanation of the
replace them. physician Mark Buchanan, a place where
physics and economy merge, and where
What are the basic postulates of this the application of methods from physics
and of the other calls for reform of the may have a strong contribution for the
economic science? First, the economy economy. The assurance that the econo-
should return to what it really is, which my has much in common with the physi-
is a social science, based on induction, cal and the biological systems, from the
on careful observation of the people, behavior of the Earth’s crust to the phys-
their real motives, fears, hopes, and ics of fluids and ecosystems, produced
many other elements that drive them – strong breakthroughs in the theory of
culture, moral principles and historical games and in the macroeconomic ac-
heritage. tion, crowned by numerous Nobel Prizes,
and the one of Lucas is only one of them.
It is primarily a response of the glori-
ous and prevalent approach of rigorous- There are different ideas about what
ness and application of strictly deductive the Platonic world of the new classical
logical derivation of evidence with an in- economics used in order to give wrong
tention that what makes the economy so results to the living tissue. Some math-
great is its approximation to physics and ematicians and physicists claim that
mathematics. the economists are actually unsteady
in the application of formulas and that
The world is a complex system com- they have understood everything wrong,
prised of numerous elements with
strong interactions, whose mutual reac-
July-August 2016 45
