09.11.09

Krugman on mathematical economics

Posted in Critique of Evolutionary Economy at 12:47 pm by nemo

Weinstein v. Krugman v. Orzel (Mathematical Elegance Death Match)

I think this misses the point: economics is a desperation case for the abuse of mathematics by smart geeks who end up confusing everyone into thinking they are doing physics.
Krugman’s point is all important at this stage: we need to see that economies aren’t explicated by mathematical models.

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