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Quantitative Economic Modeling vs Methodological Individualism ?

  • Buda, Rodolphe

During a long time, the Austrian Economic School was against any mathematical formalization in social and economic sciences because it would be opposed to an individualist point of view of social phenomenons. We try to find an quantitative individualism modelling way from a criticism of holist modelling. But this paper tries to improve the dilemma of the quantitative modelling : we have to choose between whole representations - which denies individuals - and individualist models which are'nt able all to represent. Each one of these models have got his own logic of elaboration (statistical, experimental etc.) but we have to consider they are complementary from a scientific point of view.

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File URL: http://mpra.ub.uni-muenchen.de/4004/1/MPRA_paper_4004.pdf
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 4004.

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Date of creation: 1999
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Handle: RePEc:pra:mprapa:4004
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  1. Williams, Arlington W, 1980. "Computerized Double-Auction Markets: Some Initial Experimental Results," The Journal of Business, University of Chicago Press, vol. 53(3), pages 235-58, July.
  2. Versailles, David & Schmidt, Christian, 1999. "Une théorie hayekienne de la connaissance économique ?," Economics Papers from University Paris Dauphine 123456789/9809, Paris Dauphine University.
  3. Smith, Vernon L, 1989. "Theory, Experiment and Economics," Journal of Economic Perspectives, American Economic Association, vol. 3(1), pages 151-69, Winter.
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