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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)

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    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.

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    File URL: http://www.gredeg.cnrs.fr/working-papers/GREDEG-WP-2013-33.pdf
    File Function: First version, 2013
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    Bibliographic Info

    Paper provided by Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), University of Nice Sophia Antipolis in its series GREDEG Working Papers with number 2013-33.

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    Length: 22 pages
    Date of creation: Sep 2013
    Date of revision:
    Handle: RePEc:gre:wpaper:2013-33

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    Related research

    Keywords: Formalism; constructivism; axiomatics; Austrian economics;

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    References

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    1. Robert J. Leonard, 1993. "Reason, Ethics and Rigour: Morgenstern, Menger, and Mathematical Economics, 1928 - 1944," Cahiers de recherche du Département des sciences économiques, UQAM 9403, Université du Québec à Montréal, Département des sciences économiques.
    2. Blaug, Mark, 2003. "The Formalist Revolution of the 1950s," Journal of the History of Economic Thought, Cambridge University Press, vol. 25(02), pages 145-156, June.
    3. P. Mongin, 1999. "L'axiomatisation et les théories économiques," THEMA Working Papers 99-45, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise.
    4. 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.
    5. 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, vol. 16(1), pages 97-109, March.
    6. 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.
    7. Chad Seagren, 2011. "Examining social processes with agent-based models," The Review of Austrian Economics, Springer, vol. 24(1), pages 1-17, March.
    8. Bruce Caldwell, 2004. "Some Reflections on F.A. Hayek's The Sensory Order," Journal of Bioeconomics, Springer, vol. 6(3), pages 239-254, October.
    9. 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.
    10. Hahn, Frank, 1991. "The Next Hundred Years," Economic Journal, Royal Economic Society, vol. 101(404), pages 47-50, January.
    11. Robert J. Leonard, 1993. "From Von Neumann to Nash: Economics, Game Theory and Social Process," Cahiers de recherche du Département des sciences économiques, UQAM 9313, Université du Québec à Montréal, Département des sciences économiques.
    12. Nick Vriend, 2000. "Was Hayek An Ace?," Computing in Economics and Finance 2000 272, Society for Computational Economics.
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