Cameron Murray
tweeted out his old post about economics terminology. Someone commented adding a sociology-economics dictionary. I thought I'd get in on the game with an "economics to physics" dictionary (the
∗ means we're using the economics definition):
EconomicsPhysicscommoditymattercomparative advantagecoupling state spaces changes equilibriumdiscount factorsmooth cutoff regulatorDSGEarbitrary stochastic difference equationwith constraintsdemandunobservable field that interacts with supply∗endogenousnot an external fieldequilibriumsolution to set of equationsgeneral equilibriumsolution to all of the equationspartial equilibriumsolution to a few of the equationsestimatefit parameters to dataEuler equationequation of motion for constrained Lagrangianexogenousexternal fieldexpectationstoy model∗of the futureEttime translation operatorEMHBrownian motion as an effective theory of prices(scale unclear)inflationrate of change of the price level∗price levelarbitrary linear combination of prices(varies)economicstheoretical economicsgrowth economicstheoretical economicsn≫1,t≫1quartermacroeconomicstheoretical economicsn≫1,t∼1quartermicroeconomicstheoretical economicsn∼1,t≪1quarternatural rate of interestunobservable fieldmodeltoy modeltoy modelhandwavingtheoryphilosophy∞sometimes inexplicably has unitsgrowthexponential growthmoneytoy model∗of moneyπinflation∗, not3.14159...total factor productivityphlogistonrational expectationscausality violating toy model∗of the futurerecessiontoy model∗of a recessionsupplyobservable fieldutilityunobservable field
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