Quantitative Economic Modeling vs Methodological Individualism ?

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Quantitative Economic Modeling vs Methodological Individualism ?

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Buda, Rodolphe

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Rodolphe Buda

Abstract

During a long time, the Austrian Economic School was against any mathematical formalization in social and economic sciences because it would be opposed to an individualist point of view of social phenomenons. We try to find an quantitative individualism modelling way from a criticism of holist modelling. But this paper tries to improve the dilemma of the quantitative modelling : we have to choose between whole representations - which denies individuals - and individualist models which are'nt able all to represent. Each one of these models have got his own logic of elaboration (statistical, experimental etc.) but we have to consider they are complementary from a scientific point of view.

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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 4004.

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Date of creation: 1999
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Handle: RePEc:pra:mprapa:4004

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Find related papers by JEL classification:
C63 - Mathematical and Quantitative Methods - - Mathematical Methods and Programming - - - Computational Techniques
C5 - Mathematical and Quantitative Methods - - Econometric Modeling
C6 - Mathematical and Quantitative Methods - - Mathematical Methods and Programming
B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology

References listed on IDEAS
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Smith, Vernon L, 1989. "Theory, Experiment and Economics," Journal of Economic Perspectives, American Economic Association, vol. 3(1), pages 151-69, Winter. [Downloadable!] (restricted)

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Rodolphe Buda, 2007. "Propositions for the Building of a Quantitative Austrian Modelling: An Answer to Prof. Rizzo and to Prof. Vriend," EconomiX Working Papers 2007-9, University of Paris West - Nanterre la Défense, EconomiX. [Downloadable!]

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This page was last updated on 2008-11-17.

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