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In Search of the Right Tool: From Formalism to Constructivist Modelling

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  • Sandye Gloria-Palermo

    (GREDEG CNRS
    University of Nice-Sophia Antipolis, France)

Abstract

The object of this paper is to assert the implications, in terms of practices of the community of economists, of the adoption of specific mathematical tools. More precisely, the aim of this paper is to assert the non-neutrality of the mathematical tools used by economists and to show that, after half a century of domination of a peculiar vision of mathematics, namely formalism, economics is ready to switch to a diverse conception thanks to the availability of new mathematical tools, constructivist tools.

Suggested Citation

  • Sandye Gloria-Palermo, 2013. "In Search of the Right Tool: From Formalism to Constructivist Modelling," GREDEG Working Papers 2013-33, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.
    • Handle: RePEc:gre:wpaper:2013-33
    as

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    References listed on IDEAS

    as
    1. Gloria-Palermo, Sandye, 1999. "An Austrian Dilemma: Necessity and Impossibility of a Theory of Institutions," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 11(1-2), pages 31-45.
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    5. David Colander, 2000. "New Millennium Economics: How Did It Get This Way, and What Way Is It?," Journal of Economic Perspectives, American Economic Association, vol. 14(1), pages 121-132, Winter.
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    7. Blaug, Mark, 2003. "The Formalist Revolution of the 1950s," Journal of the History of Economic Thought, Cambridge University Press, vol. 25(2), pages 145-156, June.
    8. Nicola Giocoli, 2001. "Fixing the point: the contribution of early game theory to the tool-box of modern economics," Journal of Economic Methodology, Taylor & Francis Journals, vol. 10(1), pages 1-39.
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    11. Sandye Gloria-Palermo, 2010. "Introducing Formalism in Economics: The Growth Model of John von Neumann," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 57(2), pages 153-172, June.
    12. Oprea, Ryan D & Wagner, Richard E, 2003. "Institutions, Emergence, and Macro Theorizing: A Review Essay on Roger Garrison's Time and Money," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 16(1), pages 97-109, March.
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    More about this item

    Keywords

    Formalism; constructivism; axiomatics; Austrian economics;
    All these keywords.

    JEL classification:

    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
    • B53 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Austrian
    • C69 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Other

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