Financial Times FT.com

Another unrecognisable portrait of economics

By Diane Coyle

Published: October 31 2006 02:00 | Last updated: October 31 2006 02:00

From Ms Diane Coyle.

Sir, Philip Ball says it is easy to mock economic theory ("Baroque fantasies of a most peculiar science", October 30). It is even easier to mock a caricature of economics, which is what he does, resorting to the tired cliché that we economists think we are doing mechanical physics. Once true, perhaps, but certainly not recently.

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