IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Log in (now much improved!) to save this paper

The Unreasonable Ineffectiveness of Mathematics in Economics

  • K. Vela Velupillai

    (Department of Economics, National University of Ireland, Galway)

Registered author(s):

    In this paper I attempt to show that mathematical economics is unreasonably ineffective. Unreasonable, because the mathematical assumptions are economically unwarranted; ineffective because the mathematical formalizations imply nonconstructive and uncomputable structures. A reasonable and effective mathematization of economics entails Diophantine formalisms. These come with natural undecidabilities and uncomputabilites. In the face of this, I conjecture that an economics for the future will be freer to explore experimental methodologies underpinned by alternative mathematical structures. The whole discussion is framed within the context of the celebrated Wignerian theme: The Unreasonable Effectiveness of Mathematics in the Natural Sciences.

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

    File URL: http://www.economics.nuig.ie/resrch/paper.php?pid=85
    File Function: First version, 2004
    Download Restriction: no

    File URL: http://www.economics.nuig.ie/resrch/paper.php?pid=85
    File Function: Revised version, 2004
    Download Restriction: no

    Paper provided by National University of Ireland Galway, Department of Economics in its series Working Papers with number 0080.

    as
    in new window

    Length:
    Date of creation: 2004
    Date of revision: 2004
    Handle: RePEc:nig:wpaper:0080
    Contact details of provider: Postal:
    St. Anthony's College, Newcastle Road, Galway

    Phone: +353-91 524411 ext. 2501
    Fax: +353-91 524130
    Web page: http://economics.nuigalway.ie

    More information through EDIRC

    No references listed on IDEAS
    You can help add them by filling out this form.

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:nig:wpaper:0080. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Srinivas Raghavendra)

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.