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Sprachgeist and realisticness : the troubled relationship between (Austrian) economics and mathematics revisited
Linsbichler, Alexander - 2021
In recent academic and to some extent public debates, mainstream economics has been accused of excessive mathematization. The rejection of mathematical and other formal methods is often cited as a crucial trait of Austrian economics. Based on a systematic discussion of potential benefits and...
Persistent link: https://www.econbiz.de/10012598662
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The Covid-19 pandemic as a potential change agent for selected economic concepts
Banaszyk, Piotr; Deszczyński, Przemysław; Gorynia, Marian - In: Entrepreneurial business and economics review : EBER 9 (2021) 4, pp. 35-50
Objective: The objective of the article is to refer to the thesis about the need to modify the main paradigm of economic sciences - by which we mean mainstream economics - with all its consequences that influence the whole economic sciences. We posit the need for the modification of how economic...
Persistent link: https://www.econbiz.de/10012800297
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Effective Tension in Robbins's Economic Methodology
Hands, D. Wade - 2016
Lionel Robbins 1932 Essay is one of the most influential methodological works in 20th century economics. This said, the Essay is not philosophically seamless; it exhibits certain tensions that are not easily reconciled within any specific philosophical characterization of scientific knowledge....
Persistent link: https://www.econbiz.de/10012707085
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The economic mathematization : a bibliometric analysis
Laera, Rodrigo - In: Atlantic review of economics : AROE 1 (2018) 3
The aim of this paper is to present data to verify the process of mathematization in economic theory. For this we used two representative samples from three of the most in fluential academic journals in the years 1955-56-57 and the years 2015-16-17. Thus, a contingency table was drawn up,...
Persistent link: https://www.econbiz.de/10011961169
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Criticizing the Critique : Some Methodological Insights into the Debate on the State of Economic Theory in the Face of the Post 2008 Crisis
Hardt, Lukasz - 2010
and their assumptions, the role of mathematics in economics, the way we conceptualize the relation between economics … wrong language (mathematics) while they do not use proper language themselves while criticizing economics, namely the …
Persistent link: https://www.econbiz.de/10014191529
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Economic Methodology : Paradox of Ceteris Paribus (CP) Law in the Context of Sierra Leone
Jackson, Emerson Abraham - 2018
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
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Was Mises Right?
Boettke, Peter J.; Leeson, Peter T. - 2012
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
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Machomatics in Egonomics
McGoun, Elton G. - 1998
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
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Economics versus Literature (L'economia contro la letteratura)
Jackson, William A. - In: Narrativa 42 (2020), pp. 25-38
Economics has always had a difficult relationship with literature. Although early economists such as Adam Smith adopted a literary approach, pressures soon emerged to develop formal theory imitating natural sciences. A key aim was to attain scientific status and avoid comparison with literary...
Persistent link: https://www.econbiz.de/10013369618
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Predicting crises: Five essays on the mathematic prediction of economic and social crises
Albers, Scott - Volkswirtschaftliche Fakultät, … - 2012
This volume – Predicting Crisis: Five Essays on the Mathematic Prediction of Economic and Social Crises – is the first of three sets of essays. In this first set the economic and social history of the United States is shown to be a “system of movement,” i.e. a logical and mathematic...
Persistent link: https://www.econbiz.de/10011260672