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The Unreasonable Ineffectiveness of Mathematics in Economics.

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dc.contributor.author Velupillai, K. Vela. en
dc.date.accessioned 2010-05-20T14:06:51Z en
dc.date.available 2010-05-20T14:06:51Z en
dc.date.issued 2004 en
dc.identifier.citation Vellupillai, K.V., (2004) "The Unreasonable Ineffectiveness of Mathematics in Economics." (Working Paper No. 0080) Department of Economics, National University of Ireland, Galway. en
dc.identifier.uri http://hdl.handle.net/10379/1108 en
dc.description.abstract In this paper I attempt to show that mathematical economics is unreasonably ineffective. Unreasonable, because the mathematical assumptions are economically unwarranted; ineffective because the mathematical formalizations imply nonconstructive and uncomputable structures. A reasonable and effective mathematization of economics entails Diophantine formalisms. These come with natural undecidabilities and uncomputabilites. In the face of this, I conjecture that an economics for the future will be freer to explore experimental methodologies underpinned by alternative mathematical structures. The whole discussion is framed within the context of the celebrated Wignerian theme: The Unreasonable Effectiveness of Mathematics in the Natural Sciences. en
dc.format application/pdf en
dc.language.iso en en
dc.publisher National University of Ireland, Galway en
dc.relation.ispartofseries Working Paper;No. 0080 en
dc.subject General equilibrium theory en
dc.subject Computable general equilibrium en
dc.subject Computable economics en
dc.subject Constructive mathematics en
dc.subject Mathematical economics. en
dc.subject Economics en
dc.title The Unreasonable Ineffectiveness of Mathematics in Economics. en
dc.type Working Paper en
dc.description.peer-reviewed peer-reviewed en

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