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- Title
Mathematical formalism in economics: consequences and alternatives.
- Authors
Pratten, Stephen
- Abstract
The blinkered insistence upon formalistic modelling has prevented economics from developing in a way that helps us understand the world in which we live. There are alternative approaches to the study of economics that do not use the formal, often closed-form, models that contemporary mainstream academic economists rely upon. These provide a more promising avenue for future teaching and research.
- Subjects
MODEL theory; ECONOMICS education; ECONOMIC development; STATICS &; dynamics (Social sciences); GOVERNMENT policy; SOCIAL sciences
- Publication
Economic Affairs, 2004, Vol 24, Issue 2, p37
- ISSN
0265-0665
- Publication type
Article
- DOI
10.1111/j.1468-0270.2004.00471.x