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Variations on the Theme of Conning in Mathematical Economics

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  • K. Vela Velupillai

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

Abstract

The mathematization of economics is almost exclusively in terms of the mathematics of real analysis which, in turn, is founded on set theory (and the axiom of choice) and orthodox mathematical logic. In this paper I try to point out that this kind of mathematization is replete with economic infelicities. The attempt to extract these infelicities is in terms of three main examples: dynamics, policy and rational expectations and learning. The focus is on the role and reliance on standard fixed point theorems in orthodox mathematical economics.

Suggested Citation

  • K. Vela Velupillai, 2006. "Variations on the Theme of Conning in Mathematical Economics," Working Papers 112, National University of Ireland Galway, Department of Economics, revised 2006.
  • Handle: RePEc:nig:wpaper:0112
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    File URL: http://www.economics.nuig.ie/resrch/paper.php?pid=119
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    File URL: http://www.economics.nuig.ie/resrch/paper.php?pid=119
    File Function: Revised version, 2006
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    References listed on IDEAS

    as
    1. Fidrmuc, Jan, 2004. "Migration and regional adjustment to asymmetric shocks in transition economies," Journal of Comparative Economics, Elsevier, vol. 32(2), pages 230-247, June.
    2. Kahanec, Martin & Zimmermann, Klaus F., 2008. "International Migration, Ethnicity and Economic Inequality," IZA Discussion Papers 3450, Institute for the Study of Labor (IZA).
    3. Bauer, Thomas K. & Zimmermann, Klaus F., 1999. "Report No. 3: Assessment of Possible Migration Pressure and its Labour Market Impact Following EU Enlargement to Central and Eastern Europe," IZA Research Reports 3, Institute for the Study of Labor (IZA).
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    JEL classification:

    • C02 - Mathematical and Quantitative Methods - - General - - - Mathematical Economics

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