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The varying fortunes of the project of mathematising economics: an evolutionary explanation

Author

Listed:
  • Lawson, Tony

    (Faculty of Economics University of Cambridge)

Abstract

The modern discipline of economics is dominated by a project whose contributors mostly insist that methods of mathematical-deductivist modelling be everywhere utilised. Few attempts to justify this stance are made. Meanwhile this mathematising project appears not to be especially successful, certainly not more so than rival approaches and traditions. Here, then, we have an explanatory puzzle. Why or how did economics get into this situation, and how does it persist? This question is addressed in the following essay.

Suggested Citation

  • Lawson, Tony, 2003. "The varying fortunes of the project of mathematising economics: an evolutionary explanation," European Journal of Economic and Social Systems, Lavoisier, vol. 16(1), pages 33-63.
    • Handle: RePEc:ris:ejessy:0145
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    More about this item

    Keywords

    Culture; Economics; Evolution; Mathematics;
    All these keywords.

    JEL classification:

    • A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
    • B16 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Quantitative and Mathematical
    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
    • B50 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - General

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