Eric Weinstein: What Math and Physics Can Do for New Economic Thinking
Welcome to our video series called “New Economic Thinking.” The series will feature dozens of conversations with leading economists on the most important issues facing economics and the global economy today.
This episode features Institute for New Economic Thinking grantee Eric Weinstein talking about how math and physics can help foster new economic thinking. As Weinstein points out, while many of the mathematicians and software engineers on Wall Street failed when their abstractions turned ugly in practice, there are a number of physicists and mathematicians who have applied used the empirical disciplines of their profession to help refine many problems that have bedeviled traditional mainstream economics.
In this interview, Weinstein explores many creative ways that physics and more sophisticated forms of math can be used to rescue economics from itself and restore its now tarnished reputation.