On the application of mathematics to political economy. The Edgeworth-Walras-Bortkievicz Controversy, 1889-1891
AbstractIn the period of the first spread and consolidation of mathematical economics there was impotant debate on Walras's theory of exchange involving Edgeworth, Walras and Bortkievicz directly, and Marshall indirectly. The dispute may be traced back to issues involving the role of abstract reasoning and the use of mathematics in economics. The discussion reveals the clash of different methodological requirements: on the one hand, there is Walras's requirement of rigour and simplicity allowed by the reduction of economics to mathematical treatment; on the other hand, there is Edgeworth's requirement of greater realism in the model. Copyright 2007, Oxford University Press.
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Bibliographic InfoPaper provided by University of Turin in its series CESMEP Working Papers with number 200306.
Length: 22 pages
Date of creation: Jun 2003
Date of revision:
Other versions of this item:
- Roberto Marchionatti, 2007. "On the application of mathematics to political economy'. The Edgeworth--Walras--Bortkievicz controversy, 1889--1891," Cambridge Journal of Economics, Oxford University Press, vol. 31(2), pages 291-307, March.
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- stephane verani, 2005. "An Inquiry Into the Causes and Nature of Walras' Theory of Tatonnement," Economic History 0504001, EconWPA.
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