“I don’t think these assumptions will ever let you create a theory that genuinely “ties physics and economics together at the fundamental level”, with anywhere close to the precision and reliability of true physical laws...”
Do you know of any true physical laws that connect physics and economics?
I don’t; I was referring to the precision with which physics connects to itself and makes great predictions (like how the rules of newtownian mechanics work extremely well together to predict the motion of objects). As opposed to the IMO lesser (but still useful) precision with which economics connects to itself. (The leading models of economics cannot do stuff like predict the exact future path of recessions or inflation or the price of commodities or etc; they are more like general principles and illustrations rather than a single giant perfectly coherent system that you could use to simulate events.)
“I don’t think these assumptions will ever let you create a theory that genuinely “ties physics and economics together at the fundamental level”, with anywhere close to the precision and reliability of true physical laws...”
Do you know of any true physical laws that connect physics and economics?
I don’t; I was referring to the precision with which physics connects to itself and makes great predictions (like how the rules of newtownian mechanics work extremely well together to predict the motion of objects). As opposed to the IMO lesser (but still useful) precision with which economics connects to itself. (The leading models of economics cannot do stuff like predict the exact future path of recessions or inflation or the price of commodities or etc; they are more like general principles and illustrations rather than a single giant perfectly coherent system that you could use to simulate events.)