Milton Friedman, The Methodology of Positive Economics (1966)

Backgrounds

• Friedman's controversial methodology work
• two potential motivations for this: Mont Pelerin (1947-) affection and refusal to Harry Markowitz (1955)
• might be a reaction from economics to financial frameworks

Richard Roll, A critique of the asset pricing theory's tests Part I: On past and potential testability of the theory (1977)

Backgrounds

• Roll's critique against CAPM
• Quantum Field Theory per se is not refutable for its infinite dimensional nature. CAPM is also infinite dimensional and not refutable
• Fischer Black once said: "The easiest theory to falsify is a theory which is false."

References

• http://en.wikipedia.org/wiki/Roll's_critique
• http://marginalrevolution.com/marginalrevolution/2005/06/fischer_black_a.html

Squartini and Garlaschelli, Jan Tinbergen's legacy for economic networks: from the gravity model to quantum statistics (2013)

Backgrounds

• Jan Tinbergen was a Dutch economist
• His gravity model is standard for international/geographical economics
• GDP works as "mass" factor in economic gravity model 
• He also gave a foundation for Robert Mundell's policy mix theory
• Squartini and Garlaschelli (authors) try to justify and analyze Tinbergen's view based on quantum entropy of international trade

References

• http://arxiv.org/abs/1304.3252

Jan W. Dash, Path Integrals and Options I (1988)

Backgrounds

• The author, as of writing, was a quantitative financier in Merrill Lynch
• formerly he was a physicist in Marseille, France
• (probably) first proposal to apply path integral for asset pricing models
• path integral does not assume complete probability per se
• so it might give an open (indefinite) model of asset pricing