[lbo-talk] physics and economics

[Chuck Grimes]

This is just a note while I was thinking about Mike Perelman's post on
physics and economics.

I had to go back and freshen up my limited understanding of
both. Then it occurred to me the better way to put this is statistical
mechanics v. economic modeling. The most useful part of statistical
mechanics is the mathematical background on probability. This is where
I assume most of the economic modelling comes from. You can see this
in the concept of probability distributions.

CG