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Weintraub on the evolution of mathematical economics: a review essay

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  • J. Barkley Rosser Jr

Abstract

This essay discusses the implications for the evolution of mathematical economics of the ideas presented in E. Roy Weintraub's How Economics Became a Mathematical Science. A central issue in the discussion is the nature of formalism and axiomatization in mathematical economics, how that has evolved in mathematics, and how that evolution has influenced developments in economics. It is argued that modern mathematical economics has followed mathematics itself in moving beyond hyper-formalistic approaches such as Bourbakism to the use of other approaches, such as computer simulation and more inductive methods. The essay will also argue that mathematics is useful in developing Post Keynesian economics.

Suggested Citation

  • J. Barkley Rosser Jr, 2003. "Weintraub on the evolution of mathematical economics: a review essay," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 25(4), pages 575-589.
    • Handle: RePEc:mes:postke:v:25:y:2003:i:4:p:575-589
    DOI: 10.1080/01603477.2003.11051372
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    Cited by:

    1. Kakarot-Handtke, Egmont, 2010. "Axiomatic Basics of e-Economics," MPRA Paper 24331, University Library of Munich, Germany.
    2. Alessandro Innocenti, 2004. "Paradoxes versus formalism in economics. Evidence from the early years of game theory and experimental economics," Department of Economics University of Siena 433, Department of Economics, University of Siena.

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