Interdisciplinarity in Socio-economics, mathematical analysis and predictability of complex systems
Abstract
In this essay, I attempt to provide supporting evidence as well as some balance for the thesis on `Transforming socio-economics with a new epistemology' presented by Hollingworth and Mueller (2008). First, I review a personal highlight of my own scientific path that illustrates the power of interdisciplinarity as well as unity of the mathematical description of natural and social processes. I also argue against the claim that complex systems are in general `not susceptible to mathematical analysis, but must be understood by letting them evolve over time or with simulation analysis'. Moreover, I present evidence of the limits of the claim that scientists working within Science II do not make predictions about the future because it is too complex. I stress the potentials for a third `Quantum Science' and its associated conceptual and philosophical revolutions, and finally point out some limits of the `new' theory of networks.
Keywords
Cite
@article{arxiv.0807.3814,
title = {Interdisciplinarity in Socio-economics, mathematical analysis and predictability of complex systems},
author = {D. Sornette},
journal= {arXiv preprint arXiv:0807.3814},
year = {2014}
}
Comments
15 pages, reflections on the nature of interdisciplinarity and the contribution of physics to socio-economics