More Heat than Light
More Heat than Light: Economics as Social Physics, Physics as Nature's Economics
In "More Heat than Light," Philip Mirowski embarks on a riveting journey through the annals of history to unravel the intricate tapestry that interweaves the disciplines of physics and economics. With an erudite flair, Mirowski explores the fascinating genesis of the energy concept within the realm of Western physics and meticulously documents its profound influence on the birth and evolution of neoclassical economics—the cornerstone of modern economic theory. Through a blend of rigorous scholarship and captivating narrative, this seminal work sheds light on the intellectual currents that have shaped the way we understand the dynamics of economies and the very fabric of the universe itself. As Mirowski delves deeper into this intellectual odyssey, "More Heat than Light" illuminates the paradoxical relationship between these two fields, revealing how the aspirational mimicry of physics by economics has led to a complex dialogue filled with both advances and missteps. The book challenges readers to reconsider the foundations upon which economic theory is built, exposing the often overlooked yet pivotal role that the concept of energy has played in the development of economic thought. Through this lens, Mirowski not only critiques the current state of economic theory but also proposes a provocative rethinking of how the economy could be understood in the future, making this work an essential read for anyone intrigued by the intersections of science, philosophy, and economics.
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