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Quantitative Economic Modeling vs Methodological Individualism ?

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  • Buda, Rodolphe

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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Bibliographic Info

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

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

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Related research

Keywords: Methodological Individualism ; Austrian Economics ; Quantitative Economics ; Computational Economics;

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References

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  1. Williams, Arlington W, 1980. "Computerized Double-Auction Markets: Some Initial Experimental Results," The Journal of Business, University of Chicago Press, vol. 53(3), pages 235-58, July.
  2. Smith, Vernon L, 1989. "Theory, Experiment and Economics," Journal of Economic Perspectives, American Economic Association, vol. 3(1), pages 151-69, Winter.
  3. Versailles, David & Schmidt, Christian, 1999. "Une théorie hayekienne de la connaissance économique ?," Economics Papers from University Paris Dauphine 123456789/9809, Paris Dauphine University.
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Cited by:
  1. 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.
  2. Buda, Rodolphe, 2009. "Learning-Testing Process in Classroom: An Empirical Simulation Model," MPRA Paper 12146, University Library of Munich, Germany.

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