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.rights | Attribution-NonCommercial-NoDerivs 3.0 Ireland | |
dc.rights.uri | https://creativecommons.org/licenses/by-nc-nd/3.0/ie/ | |
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 |
nui.item.downloads | 3511 | |