Variations on the Theme of Conning in Mathematical Economics
AbstractThe mathematization of economics is almost exclusively in terms of the mathematics of real analysis which, in turn, is founded on set theory (and the axiom of choice) and orthodox mathematical logic. In this paper I try to point out that this kind of mathematization is replete with economic infelicities. The attempt to extract these infelicities is in terms of three main examples: dynamics, policy and rational expectations and learning. The focus is on the role and reliance on standard fixed point theorems in orthodox mathematical economics.
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Bibliographic InfoPaper provided by National University of Ireland Galway, Department of Economics in its series Working Papers with number 112.
Date of creation: 2006
Date of revision: 2006
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Other versions of this item:
- K. Vela Velupillai, 2007. "Variations on the Theme of Conning in Mathematical Economics," Department of Economics Working Papers 0703, Department of Economics, University of Trento, Italia.
- C02 - Mathematical and Quantitative Methods - - General - - - Mathematical Economics
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