Variations on the Theme of Conning in Mathematical Economics

Velupillai, Kumaraswamy (2007) Variations on the Theme of Conning in Mathematical Economics. UNSPECIFIED.

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    The mathematization of economics is almost exclusively in terms of the mathematics of real analysis which, in turn, is founded on set theory (and the axiom of choice) and orthodox mathematical logic. In this paper I try to point out that this kind of mathematization is replete with economic infelicities. The attempt to extract these infelicities is in terms of three main examples: dynamics, policy and rational expectations and learning. The focus is on the role and reliance on standard xed point theorems in orthodox mathematical economics.

    Item Type: Departmental Technical Report
    Department or Research center: Economics
    Subjects: Q Science > QA Mathematics > Q360 Information Theory
    Uncontrolled Keywords: General Equilibrium Theory, Mathematical Economics, Theory of Policy, Rational Expectations Equilibrium
    Additional Information: Pubblicazione registrata presso il Tribunale di Trento.
    Report Number: 3
    Repository staff approval on: 20 Nov 2007

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