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Understanding the relationship between mathematics and economics

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Author Info

  • Sheila C. Dow

Abstract

Weintraub's study shows that mathematics does not provide a fixed point of reference for economics. He explains how the notions of rigor and consistency have changed within mathematics over the years, and how it has proved impossible to express mathematics itself as a complete formal system. As a result, we can see more clearly that there is methodological confusion embedded in much applied economics, which gives priority to mathematical expression. In providing this account, Weintraub raises historiographical issues, which we address here--notably who should construct histories, given the normative content of all approaches (including science studies)?

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File URL: http://mesharpe.metapress.com/link.asp?target=contribution&id=F654B80R41YJCWJW
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Bibliographic Info

Article provided by M.E. Sharpe, Inc. in its journal Journal of Post Keynesian Economics.

Volume (Year): 25 (2003)
Issue (Month): 4 (July)
Pages: 547-560

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Handle: RePEc:mes:postke:v:25:y:2003:i:4:p:547-560

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Web page: http://mesharpe.metapress.com/link.asp?target=journal&id=109348

Related research

Keywords: MATHEMATICAL ECONOMICS; SCIENCE STUDIES.;

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Cited by:
  1. Miguel A. Durán, 2005. "Mathematical needs and economic interpretations," ThE Papers 05/07, Department of Economic Theory and Economic History of the University of Granada..
  2. Clive L. Spash, 2013. "The Shallow or the Deep Ecological Economics Movement?," SRE-Disc sre-disc-2013_01, Institute for the Environment and Regional Development, Department of Socioeconomics, Vienna University of Economics and Business.
  3. Kakarot-Handtke, Egmont, 2011. "Exploitation and its unintended outcomes. An axiomatic obituary for Marx’s surplus value," MPRA Paper 31792, University Library of Munich, Germany.
  4. Nuno Ornelas Martins, 2012. "Mathematics, Science and the Cambridge Tradition," Economic Thought, World Economics Association, vol. 1(2), pages 2, December.
  5. Clive L Spash, 2009. "Social Ecological Economics," Socio-Economics and the Environment in Discussion (SEED) Working Paper Series 2009-08, CSIRO Sustainable Ecosystems.

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