Re: zero average profit

From: Ian Wright (ian_paul_wright@HOTMAIL.COM)
Date: Thu Jun 12 2003 - 12:40:01 EDT


Hello Michael,

"Violence" is a physical attack. A scientific abstraction isn't.

Of course a model can fit some empirical data and still be wrong.
If that were not the case, scientific work would simply be the
application of machine learning to data sets.

-Ian.

Michael wrote:

>The question is what violence is done to the phenomena in transferring a
>model
>from statistical mechanics to social phenomena of exchange (apart from the
>question of what violence is done to the physical phenomena by modelling
>them
>with statistical mechanics).
>
>The empirical correctness of a model has nothing to do with truth.

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