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Why mathematics in economics?

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  • Donald W. Katzner

Abstract

This paper suggests that mathematics may have become so important in economics for four reasons: (1) to make use of existing human capital, (ii) to attain scientific respectability, (3) to help assure security with respect to claims of truth, and (4) because economics was created primarily by Western economists to understand Western economic behavior.

Suggested Citation

  • Donald W. Katzner, 2003. "Why mathematics in economics?," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 25(4), pages 561-574.
    • Handle: RePEc:mes:postke:v:25:y:2003:i:4:p:561-574
    DOI: 10.1080/01603477.2003.11051373
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    Citations

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    Cited by:

    1. Kyriaki Tsilika, 2023. "Exploring the Contributions to Mathematical Economics: A Bibliometric Analysis Using Bibliometrix and VOSviewer," Mathematics, MDPI, vol. 11(22), pages 1-21, November.
    2. Espinosa, Miguel & Rondon, Carlos & Romero, Mauricio, 2012. "The use of mathematics in economics and its effect on a scholar's academic career," MPRA Paper 41341, University Library of Munich, Germany.
    3. Miguel A. Duran, 2007. "Mathematical Needs and Economic Interpretations," Contributions to Political Economy, Cambridge Political Economy Society, vol. 26(1), pages 1-16.
    4. William A. Jackson, 2013. "The desocialising of economic theory," International Journal of Social Economics, Emerald Group Publishing Limited, vol. 40(9), pages 809-825, July.
    5. Daniel Sutter, 2009. "The Market, the Firm, and the Economics Profession," American Journal of Economics and Sociology, Wiley Blackwell, vol. 68(5), pages 1041-1061, November.
    6. Franck Bailly, 2022. "When mainstream economics does human resource management: a critique of personnel economics’ prescriptive ambition," Post-Print hal-03711945, HAL.
    7. Takács, Olga, 2021. "Dani Rodrik: A közgazdaságtan menő. A "lehangoló tudomány" erényei és gyengéi. Fordította: Felcsúti Péter, Napvilág Kiadó, Budapest, 2020, 261 o," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(3), pages 337-340.
    8. Frank Bailly, 2022. "When mainstream economics does human resource management: a critique of personnel economics' prescriptive ambition," PSL Quarterly Review, Economia civile, vol. 75(301), pages 103-117.

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