A logical critique of mathematical formalism in economics

Journal of Economic Methodology 2 (2):181-200 (1995)
Mathematical economic theory is lacking in logical rigour. Even if the mathematics used in constructing formal economic theory is rigorous as pure mathematics, economic theory possesses both mathematical and non-mathematical components. But mathematical reductionism fails to formalize the non-mathematical components of economic theory, and the method of numerics (outlined in this paper) shows how, in simple cases, the two components of economic theory can be formally identified, distinguished, and integrated. However, the real challenge to formalizing economic theory points not to mathematics but to problems of constructing a logic coping with propositional attitudes (belief, preference, intention) that lie at the very heart of economic rationality and can be treated only by means of intensional logic
Keywords No keywords specified (fix it)
Categories (categorize this paper)
 Save to my reading list
Follow the author(s)
My bibliography
Export citation
Find it on Scholar
Edit this record
Mark as duplicate
Revision history Request removal from index
Download options
PhilPapers Archive

Upload a copy of this paper     Check publisher's policy on self-archival     Papers currently archived: 9,357
External links
  • Through your library Configure
    References found in this work BETA

    No references found.

    Citations of this work BETA

    No citations found.

    Similar books and articles
    Jean-Pierre Marquis (1999). Mathematical Engineering and Mathematical Change. International Studies in the Philosophy of Science 13 (3):245 – 259.
    Uskali Mäki (1996). Two Portraits of Economics. Journal of Economic Methodology 3 (1):1-38.
    Mark Colyvan (2007). Mathematical Recreation Versus Mathematical Knowledge. In Mary Leng, Alexander Paseau & Michael D. Potter (eds.), Mathematical Knowledge. Oxford University Press. 109--122.
    Filippo Cesarano (2006). Economic History and Economic Theory. Journal of Economic Methodology 13 (4):447-467.

    Monthly downloads

    Added to index


    Total downloads

    5 ( #178,728 of 1,088,404 )

    Recent downloads (6 months)

    1 ( #69,601 of 1,088,404 )

    How can I increase my downloads?

    My notes
    Sign in to use this feature

    Start a new thread
    There  are no threads in this forum
    Nothing in this forum yet.