Paul Samuelson claimed that the “ergodic hypothesis” is essential for advancing economics from the realm of history to the realm of science.Read it at Lars P. Syll's Blog
But is it really tenable to assume that ergodicity is essential to economics?
The answer can only be – as I have argued
here
here
here
here
and
here – NO WAY!
Paul Samuelson and the ergodic hypothesis
Lars P. Syll
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