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Attempts to throw some light on the sensible use of mathematics in economic theory. Argues that mathematics is a …
Persistent link: https://www.econbiz.de/10004976588
This paper reviews one of the crucial issues in the recent growth literature concerning the hypothesis of cross country convergence of levels and growth rates of income per capita implied by the neo-classical growth model, both in the Solow-Swan and Rampsey-Cass-Koopmans versions. The...
Persistent link: https://www.econbiz.de/10005003229
This paper reviews one of the crucial issues in the recent growth literature concerning the hypothesis of cross country convergence of levels and growth rates of income per capita implied by the neo‐classical growth model, both in the Solow‐Swan and Rampsey‐Cass‐Koopmans versions. The...
Persistent link: https://www.econbiz.de/10014863547
Claims Kuznets is a quantification economist, e.g. a statistician who used the theory of models to find answers to problems. Covers, in depth, Kuznets’ early Russian‐Jewish upbringing to his further development in the USA. Concludes that Kuznets recognized what was missing rather than what...
Persistent link: https://www.econbiz.de/10014805173
Focuses on Wassily Leontif’s early upbringing in St Petersburg (Leningrad), and his education at the university there. Continues with his various overseas postings that followed with time. Mentions his famous connection with the formulation and application of the input‐output method.
Persistent link: https://www.econbiz.de/10014805176
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economics is associated with the use of mathematics. Based on Francis Bacon’s criticism of scholasticism, it is argued here that … 1769 essay, economics has come “full circle”. The problem for economics is not then mathematics per se – mathematics is … scholasticism. A rational, quantified and mechanised world picture emerged. In 1769 an essay questioned why economics benefited so …
Persistent link: https://www.econbiz.de/10004976542
, it is the purpose of this paper to show how Launhardt used mathematics in his engineering-based approach to the economics …Wilhelm Launhardt (1832-1918) is a founder of mathematical economics. His main work, Mathematical Foundations of … Economics, published in 1885, was translated into English in 1993. As an engineer, he contributed to the field of not only …
Persistent link: https://www.econbiz.de/10004976546