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)
DOI 10.1080/13501789500000014
 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: 16,667
External links
Setup an account with your affiliations in order to access resources via your University's proxy server
Configure custom proxy (use this if your affiliation does not provide a proxy)
Through your library
References found in this work BETA

Add more references

Citations of this work BETA

No citations found.

Add more citations

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

15 ( #175,574 of 1,726,249 )

Recent downloads (6 months)

7 ( #99,332 of 1,726,249 )

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.