Good ideas and conversation. No ads, no tracking. Login or Take a Tour!
>The elements of economic understanding are already available, and mathematicians are not required to articulate them.
Really? Isn't the study of economics in large part applied mathematics? Even if the elements are available, mathematical models allow us to meaningfully determine and discuss how these elements interact. It seems dogmatic to suggest that these theories on economics are complete or sufficient for the most useful understanding of economics. In fact, I'd be very skeptical of any theory that can't described a model that fits actual data. What is the motivation to write off the inquiries of mathematicians?
phyllotaxis · 4879 days ago · link ·
Please allow me to clarify. I do not imply that there is no role for mathematics in the observations of economic activity. I submit that they are a secondary measurement tool, as opposed to a key that can unlock secrets that may be revealed with evermore creative use.
Please read this excellent explanation: http://.Mises.org/daily/2125.