More Heat than Light
Economics as Social Physics, Physics as Nature's Economics
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More Heat than Light by Philip Mirowski
Book DescriptionMore Heat Than Light is a history of how physics has drawn some inspiration from economics and also how economics has sought to emulate physics, especially with regard to the theory of value. It traces the development of the energy concept in Western physics and its subsequent effect upon the invention and promulgation of neoclassical economics. Any discussion of the standing of economics as a science must include the historical symbiosis between the two disciplines. Starting with the philosopher Emile Meyerson's discussion of the relationship between notions of invariance and causality in the history of science, the book surveys the history of conservation principles in the Western discussion of motion. Recourse to the metaphors of the economy are frequent in physics, and the concepts of value, motion, and body reinforced each other throughout the development of both disciplines, especially with regard to practices of mathematical formalisation. However, in economics subsequent misuse of conservation principles led to serious blunders in the mathematical formalisation of economic theory. The book attempts to provide the reader with sufficient background in the history of physics in order to appreciate its theses. The discussion is technically detailed and complex, and familiarity with calculus is required.
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Book DetailsISBN: 9780521426893
(228mm x 152mm x 26mm)
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 29-Nov-1991
Country of Publication: United Kingdom
Books By Author Philip Mirowski
Road from Mont Pelerin, Paperback (November 2015)
What exactly is neoliberalism, and where did it come from? This volume attempts to answer these questions by exploring neoliberalism s origins and growth as a political and economic movement. Now with a new preface."
Building Chicago Economics, Paperback (August 2013)
This book presents a collective attempt to chart the rise and development of the Chicago School during the decades that followed WWII.
Never Let a Serious Crisis Go to Waste, Hardback (July 2013)
After the financial apocalypse, neoliberalism rose from the dead - stronger than ever
Science-Mart, Hardback (April 2011)» View all books by Philip Mirowski
This trenchant study analyzes the rise and decline in the quality and format of science in America since World War II. Science-Mart attributes this decline to a powerful neoliberal ideology in the 1980s which saw the fruits of scientific investigation as commodities that could be monetized, rather than as a public good.
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