You might be interested to know that I also wrote a paper with John Kay critiquing EE, which was published with Econ Journal Watch last year. ‘What Work is Ergodicity Doing in Economics?’ was an earlier and more general survey for a seminar, and as you note was quite wordy! The EJW paper is targeted at EE, more mathematical, generally tighter, and introduces a few new points. Peters and some other coauthors responded to it but didn’t really address any of the substantive points, which I think is further evidence that the theory’s just not very good.
You might be interested to know that I also wrote a paper with John Kay critiquing EE, which was published with Econ Journal Watch last year. ‘What Work is Ergodicity Doing in Economics?’ was an earlier and more general survey for a seminar, and as you note was quite wordy! The EJW paper is targeted at EE, more mathematical, generally tighter, and introduces a few new points. Peters and some other coauthors responded to it but didn’t really address any of the substantive points, which I think is further evidence that the theory’s just not very good.
Thanks for linking your paper! I’ll check it out. It sounds pretty good from the abstract.