Mathematical Needs and Economic Interpretations
This paper aims at showing that the disconnection between formal structures and theoretical content in economic model building could lead to undesirable consequences. In this sense, linking formal and verbal contents by means of coherent and relevant interpretations is worth the effort. For it is a relatively simple way of helping to improve the usefulness of mathematical economic theorization. By way of illustration of these ideas, the paper discusses the interpretation which Arrow and Debreu themselves put on the inclusion of free goods in their proof of existence of a general equilibrium.
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Volume (Year): 26 (2007)
Issue (Month): 1 ()
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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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- Leontief, Wassily, 1971. "Theoretical Assumptions and Nonobserved Facts," American Economic Review, American Economic Association, vol. 61(1), pages 1-7, March.
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- Donald W. Katzner, 2002. "What are the questions?," Journal of Post Keynesian Economics, M.E. Sharpe, Inc., vol. 25(1), pages 51-68, January.
- Debreu, Gerard, 1991. "The Mathematization of Economic Theory," American Economic Review, American Economic Association, vol. 81(1), pages 1-7, March.
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