I think it has influenced the way I speak and teach about economics. You can think of economics much like a physical system. There are various forces at work, and you're trying to find an equilibrium: a situation in which the various forces are balanced such that the system exhibits stability. The main difference is that in physics, the forces are from natural laws, but in economics, the forces are people making decisions.
I think it has influenced the way I speak and teach about economics. You can think of economics much like a physical system. There are various forces at work, and you're trying to find an equilibrium: a situation in which the various forces are balanced such that the system exhibits stability. The main difference is that in physics, the forces are from natural laws, but in economics, the forces are people making decisions.