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The Unreasonable Ineffectiveness of Mathematics in Economics.

dc.contributor.authorVelupillai, K. Vela.en
dc.date.accessioned2010-05-20T14:06:51Zen
dc.date.available2010-05-20T14:06:51Zen
dc.date.issued2004en
dc.identifier.citationVellupillai, 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.urihttp://hdl.handle.net/10379/1108en
dc.description.abstractIn 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.formatapplication/pdfen
dc.language.isoenen
dc.publisherNational University of Ireland, Galwayen
dc.relation.ispartofseriesWorking Paper;No. 0080en
dc.rightsAttribution-NonCommercial-NoDerivs 3.0 Ireland
dc.rights.urihttps://creativecommons.org/licenses/by-nc-nd/3.0/ie/
dc.subjectGeneral equilibrium theoryen
dc.subjectComputable general equilibriumen
dc.subjectComputable economicsen
dc.subjectConstructive mathematicsen
dc.subjectMathematical economics.en
dc.subjectEconomicsen
dc.titleThe Unreasonable Ineffectiveness of Mathematics in Economics.en
dc.typeWorking Paperen
dc.description.peer-reviewedpeer-revieweden
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