Mathematic Modeling Within Economics – a Critical Approach
AbstractIn this paper we try to evaluate, through critical analysis, the process of mathematic modeling used within economics. The paper aims to underline the importance of mathematic modeling within economics, but also to point aut that the current modeling of the economic process is not one of the most adequates, due to the fact that orthodox economic science is still entraped within the paradigm of mechanical economics.
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Bibliographic InfoArticle provided by Ovidius University of Constantza, Faculty of Economic Sciences in its journal Ovidius University Annals, Economic Sciences Series.
Volume (Year): XI (2011)
Issue (Month): 2 (May)
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Web page: http://www.univ-ovidius.ro/facultatea-de-stiinte-economice
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mathematic knowledge; economic knowledge; rational knowledge;
Find related papers by JEL classification:
- B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
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