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 .xed point theorems in orthodox mathematical economics.
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Bibliographic InfoPaper provided by Department of Economics, University of Trento, Italia in its series Department of Economics Working Papers with number 0703.
Date of creation: 2007
Date of revision:
General Equilibrium Theory; Mathematical Economics; Theory of Policy; Rational Expectations Equilibrium;
Other versions of this item:
- K. Vela Velupillai, 2006. "Variations on the Theme of Conning in Mathematical Economics," Working Papers 112, National University of Ireland Galway, Department of Economics, revised 2006.
- C02 - Mathematical and Quantitative Methods - - General - - - Mathematical Economics
- C60 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - General
- D50 - Microeconomics - - General Equilibrium and Disequilibrium - - - General
- E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
This paper has been announced in the following NEP Reports:
- NEP-ALL-2007-03-31 (All new papers)
- NEP-CBE-2007-03-31 (Cognitive & Behavioural Economics)
- NEP-HPE-2007-03-31 (History & Philosophy of Economics)
- NEP-MAC-2007-03-31 (Macroeconomics)
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