The Market for Lemmas
AbstractWe consider the use of complex mathematics in economics. The evidence suggests that the usage of complex mathematics has escalated significantly over the past half century. The empirical evidence indicates that complex mathematical models in economic theory have generated few operational propositions. However, with only one exception, none of the economics articles that were published in a set of prestigious journals and had 500 or more citations in the journal literature could be considered highly complex using our metrics. In contrast articles in econometrics/statistics that had 500 or more citations in the literature were frequently complex by our metrics. The usage of complex mathematics in the most highly cited articles in economics versus econometrics/statistics was significantly different, both statistically and quantitatively.
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Bibliographic InfoPaper provided by Ball State University, Department of Economics in its series Working Papers with number 200702.
Length: 20 pages
Date of creation: Apr 2007
Date of revision: Apr 2007
This paper has been announced in the following NEP Reports:
- NEP-ALL-2007-05-19 (All new papers)
- NEP-HIS-2007-05-19 (Business, Economic & Financial History)
- NEP-SOG-2007-05-19 (Sociology of Economics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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- Green, Edward J., 1980. "Noncooperative price taking in large dynamic markets," Journal of Economic Theory, Elsevier, vol. 22(2), pages 155-182, April.
- Balasko, Yves & Shell, Karl, 1980. "The overlapping-generations model, I: The case of pure exchange without money," Journal of Economic Theory, Elsevier, vol. 23(3), pages 281-306, December.
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