Monday, October 26, 2009

Does Economics Violate The Laws Of Physics?

ECONOMIC GROWTH: Does constant economic growth contradict the laws of physics?
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From Scientific American:

SYRACUSE, N.Y. -- The financial crisis and subsequent global recession have led to much soul-searching among economists, the vast majority of whom never saw it coming. But were their assumptions and models wrong only because of minor errors or because today's dominant economic thinking violates the laws of physics?

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