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Mathematical economic theory is lacking in logical rigour. Even if the mathematics used in constructing formal economic … theory is rigorous as pure mathematics, economic theory possesses both mathematical and non-mathematical components. But … mathematical reductionism fails to formalize the non-mathematical components of economic theory, and the method of numerics …
Persistent link: https://www.econbiz.de/10009219429
Economic theories are systems of beliefs about the world. Models formalize parts or aspects of theories but leave much of their content out. An example of a component of theories not contained in models are the instructions for how to proceed when a model fails (in Lakatos' terms the 'positive...
Persistent link: https://www.econbiz.de/10009219466
Mathematical economic theory is lacking in logical rigour. Even if the mathematics used in constructing formal economic … theory is rigorous as pure mathematics, economic theory possesses both mathematical and non-mathematical components. But … mathematical reductionism fails to formalize the non-mathematical components of economic theory, and the method of numerics …
Persistent link: https://www.econbiz.de/10009219473
Three points are made in this article. First, it is argued that general equilibrium theory should not be limited to the …
Persistent link: https://www.econbiz.de/10009219475
domain for economic theory. The first one is used by some experimenters in their skirmishes with economic theorists, and … assumption that the domain of economic theory is more limited than a literal reading of its assumptions would suggest. Of course … point in the direction of the incompleteness of economic theory. Some remarks on the role of methodological arguments …
Persistent link: https://www.econbiz.de/10005496153
Persistent link: https://www.econbiz.de/10010668534
Persistent link: https://www.econbiz.de/10010668540
In der vorliegenden Arbeit wurde die Einkommensverteilung für die Periode 1959-2008 für Österreich analysiert. Dabei konnten aufgrund der mangelhaften Datenlage ausschließlich die Lohn- und Einkommensteuerstatistik untersucht werden. Die Entwicklung der personenbezogenen Kapitaleinkommen...
Persistent link: https://www.econbiz.de/10010668551
Persistent link: https://www.econbiz.de/10010668552
Persistent link: https://www.econbiz.de/10010668554