Modelling is one of the key methods of scientific cognition in economics. It is a simplification of the existing … theory is completely defined by models as some formal evidence of its correctness. But the dis- cussion surrounding the … correctness of the modeling approach in the economics became nowadays especially acute after the onset of the global financial …

Standard histories of economics usually treat the "marginal revolution" of the midnineteenth century as both … supplanting the "classical" economics of Smith and Ricardo and as advancing the idea of economics as a mathematical science. The … marginalists - especially Jevons and Walras - viewed Cournot's (1838) book on mathematical economics as a seminal work on which …

Purpose This paper aims to argue that Economics is not a neutral science. Design/methodology/approach Post … in mainstream Economics. Findings Economists use illocutionary acts expressed in formal language to achieve … perlocutionary effects. Because of the importance attached to objectivity in mainstream Economics, the use of artificial languages is …