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The Road Taken (And Not Taken) In The Mathematization Of Economics

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  • CASSEY LEE

    (School of Economics, Faculty of Commerce, University of Wollongong, NSW 2522, Australia)

Abstract

The work of K. 'Vela' Velupillai has illuminated the debate on the mathematization of economics by providing a broader view of the universe of mathematics and its possible applications in economics. The theoretical and policy consequences from the peculiar mode of mathematization in economics is another important theme in Vela work. Alternative modes of mathematization are offered with a call for an "Algorithmic Economics" in the future.

Suggested Citation

  • Cassey Lee, 2012. "The Road Taken (And Not Taken) In The Mathematization Of Economics," New Mathematics and Natural Computation (NMNC), World Scientific Publishing Co. Pte. Ltd., vol. 8(01), pages 73-80.
    • Handle: RePEc:wsi:nmncxx:v:08:y:2012:i:01:n:s1793005712400030
    DOI: 10.1142/S1793005712400030
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    References listed on IDEAS

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    1. Blaug,Mark, 1997. "Economic Theory in Retrospect," Cambridge Books, Cambridge University Press, number 9780521577014.
    2. Maas,Harro, 2005. "William Stanley Jevons and the Making of Modern Economics," Cambridge Books, Cambridge University Press, number 9780521827126.
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