Also, you talk about the "hysical universe." What other universe is there?
Well, I just wanted to make sure. We could make the claim that any event that obtains is "
art of" the universe. So in that sense, economics is part of the universe. If the Dow Jones drops 83 points, that is an event, so it constitutes a part of the universe.
How do abstract ideas exist?
It depends on your definition of "exist". If existence is something like "the ontological commitments of your theory" then there are plenty of philosophers (e.g., Russell) who are committed to the existence of theoretical entities like mathematical sets. Also consider the status of numbers. Clearly, they don't exist in the same sense as trees and burritos, but there are many philosophers who would hesitate to say they don't exist in any sense. I'm not suggesting an answer here, just giving some food for thought.
Abstract ideas (all branches of mathematics, economics, etc.) only exist as logical placeholders.
Not sure what you mean by this. In logic, placeholders are used just like they are in algebra - they are variables that can be described by a set (like numbers or whatever you're describing) that, when instantiated, satisfy the existential or universal claims made about those variables. But to say the theories themselves - like mathematics or economics - are themselves placeholders doesn't make sense to me. They could be instantiations themselves, like in a universal claim about the consistency of any theory whatsoever, but I don't see how they could be placeholders.
But let's focus our reductionist account and see what happens. You want to talk about how palatable a particular reductionist theory has. And we're only talking about one kind of reductionism, so what are we trying to reduce?
It seems like what you want to say is that talk of any physical event (i.e., an event that is constituted by and affects physical objects and forces) can be reduced to talk that is contained within one particular theory within physics. This would exclude theories like economics, mathematics, and, I guess, logic (since it is constituted by no particular physical objects).
But trying to make this project a reductionist one is quite problematic. Putting talk of the physical universe into talk of physics is just what that discipline does. There is no need for a reductionist agenda beyond what is already by any particular discipline within physics.
My point is that if this a reductionist principle at all (and I'm dubious that it is), then it is an extremely philosophically uninteresting position.