Math <3 Econ?

First, is <3 a heart?  That is what I’ve run with – but it always looked like an ice-cream to me!

I have just seen this awesome 1 page paper by some mathematicians (ht William J Polley).  Why is awesome?  Well it talks about some ideas they had about studying society – and what they described represents a chunk of the way economists already view society.

Whether they meant this as a complement, they think we are not smart enough to think of it this way, or (most likely) they have a better way of doing the same things we do – I don’t know 🙂