Showing 131 - 140 of 632,743
Persistent link: https://www.econbiz.de/10011342176
economics of Adam Smith and David Ricardo, it is the use of mathematics. Pointing to the critical role of William Stanley Jevons … from new currents in logic and the philosophy of science than from problems specific to the classical theory of value and …
Persistent link: https://www.econbiz.de/10014488925
Mathematics, like medieval Latin, is a medium of disputation in economics wherein those skillful in its use can subdue … those who are not, independent of any substantive economic meaning. In so using mathematics, economics has shut itself off … from much of the richness of economic activity that is impossible to express in the language of mathematics and from the …
Persistent link: https://www.econbiz.de/10014110471
This paper illustrates two types of pitfalls in using linearization methods. First, if constraints are linearized before deriving optimality conditions, the derived conditions are not correct up to first order. Second, even when the behavior of the economy is correct to the first order, applying...
Persistent link: https://www.econbiz.de/10014216561
This paper provides an axiomatic characterization of two rules for comparing alternative sets of objects on the basis of the diversity that they offer. The framework considered assumes a finite universe of objects and an a priori given ordinal quadernary relation that compares alternative pairs...
Persistent link: https://www.econbiz.de/10014072455
Norde et al.[Games Econ. Behav. 12 (1996) 219] proved that none of the equilibrium concepts in the literature on equilibrium selection in finite strategic games satisfying existence is consistent. A transition to set-valued solution concepts overcomes the inconsistency problem: there is a...
Persistent link: https://www.econbiz.de/10014064986
This paper argues that Mises’s methodological position has been misunderstood by both friends and foes alike. On the one hand, Mises’s critics wrongly characterize his position as rejecting empirical work. On the other hand, his defenders wrongly interpret his stance as rejecting empirical...
Persistent link: https://www.econbiz.de/10014189847
and their assumptions, the role of mathematics in economics, the way we conceptualize the relation between economics … (theory) and economy (empiria), as well as the general problem of comparing theories. In doing so we use the research … wrong language (mathematics) while they do not use proper language themselves while criticizing economics, namely the …
Persistent link: https://www.econbiz.de/10014191529
There are different ways to examine and explain a study and its findings based on using numbers as a measure, a descriptive style, or a mixture of both. These three research approaches are quantitative, qualitative, and mixed methods that are commonly used by researchers in various research...
Persistent link: https://www.econbiz.de/10014079437
Research in the subject area of economics (as a social science) has defined its ontology of scientific investigation through economic methodology; a philosophical approach entailing the proviso of empirical evidence, and backed by an understanding of human interaction in their natural habitat....
Persistent link: https://www.econbiz.de/10014124565