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Journal article

Universal Laws and Economic Phenomena

Abstract:: Despite the idiosyncratic behavior of individuals, empirical regularities exist in social and economic systems. These regularities often arise from simple underlying mechanisms which, analogous to the natural sciences, can be expressed as universal principles or laws. In this essay, I discuss the similarities between economic and natural phenomena and argue that it is advantageous for economists to adopt methods from the natural sciences to discover “universal laws” in economic systems.

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APA Style

Gerig, A. (2011). Universal Laws and Economic Phenomena.

MLA Style

Gerig, A. Universal Laws and Economic Phenomena. 2011.

Chicago Style

Gerig, A. 2011. “Universal Laws and Economic Phenomena.”
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Bibliographic Details

Publication date:: 2011-09-01

Item Description

UUID:: uuid:136534f6-1f8f-4213-82d2-30a84734ef87
Local pid:: oai:eureka.sbs.ox.ac.uk:2724
Deposit date:: 2012-01-27

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Copyright date:: 2011

Licence:: Terms and Conditions of Use for Oxford University Research Archive

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