Economics, Econometrics and Finance
8 years ago

Newtonian physics analogies shape classical economics concepts, impacting modern economic language.

Terminology and lexicography research and practice
Concept formation and indeterminacy in the LSP of Economics
Birthe Toft

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The article explores how classical economics concepts, like equilibrium, are based on metaphoric thought rooted in our bodily experiences. Economists use analogies from Newtonian physics because they reflect our primary experiences. The study concludes that classical and modern economics languages have indeterminacy.