IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/47920.html
   My bibliography  Save this paper

How Capitalism, University and Mathematics as Institutions Shaped Mainstream Economics

Author

Listed:
  • Yefimov, Vladimir

Abstract

The article shows that mainstream economics, which now includes such current as new institutional economics, is the result of an evolution shaped by three institutions (capitalism, university and mathematics) by imposing to the profession of economists their founding beliefs. These beliefs are: ‘laissez-faire’; ‘economic knowledge has a priori and exegetical character’; ‘all mathematical entities exist in reality’; ‘beauty is a criterion for theoretical constructions’; ‘scientific research is a play with axioms and rules of inference’. Because of these beliefs mainstream economics, based on mathematical constructions arbitrarily borrowed from the physics of the nineteenth century, remains cognitively sterile and socially detrimental.

Suggested Citation

  • Yefimov, Vladimir, 2012. "How Capitalism, University and Mathematics as Institutions Shaped Mainstream Economics," MPRA Paper 47920, University Library of Munich, Germany, revised 07 Jul 2013.
  • Handle: RePEc:pra:mprapa:47920
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/47920/1/MPRA_paper_47920.pdf
    File Function: original version
    Download Restriction: no

    References listed on IDEAS

    as
    1. Heino Heinrich Nau, 2000. "Gustav Schmoller's Historico-Ethical Political Economy : ethics, politics and economics in the younger German Historical School, 1860-1917," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 7(4), pages 507-531.
    2. Robert Leonard, 1997. "Value, sign, and social structure: the 'game' metaphor and modern social science," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 4(2), pages 299-326.
    3. Ar. Rubinstein., 2008. "Dilemmas of an Economic Theorist," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 11.
    4. Nathalie Sigot, 2005. "La réception de l'œuvre économique de Cournot," Post-Print halshs-00457631, HAL.
    5. Yefimov, Vladimir, 2010. "Vers une autre science économique (et donc une autre institution de cette science)
      [Toward another economic science (and thus toward another institution of this science)]
      ," MPRA Paper 49119, University Library of Munich, Germany.
    6. Nathalie Sigot, 2010. "Utility and Justice: French Liberal Economists in the 19th Century," Post-Print hal-00637265, HAL.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    institution of economics; founding beliefs of institutions; capitalism as an institutional system; institution of university; institution of mathematics (of the discipline of mathematics);

    JEL classification:

    • B1 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925
    • B11 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Preclassical (Ancient, Medieval, Mercantilist, Physiocratic)
    • B15 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Historical; Institutional; Evolutionary
    • B16 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Quantitative and Mathematical
    • B23 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Econometrics; Quantitative and Mathematical Studies
    • B25 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Historical; Institutional; Evolutionary; Austrian; Stockholm School
    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:47920. 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: (Joachim Winter). General contact details of provider: http://edirc.repec.org/data/vfmunde.html .

    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 CitEc recognized a reference but did not link an item in RePEc 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 RePEc Author Service 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.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.