In How Language Informs Mathematics Dirk Damsma shows how Hegel's
and Marx's systematic dialectical analysis of mathematical and
economic language helps us understand the structure and nature of
mathematical and capitalist systems. More importantly, Damsma shows
how knowledge of the latter can inform model assumptions and help
improve models. His book provides a blueprint for an approach to
economic model building that does away with arbitrarily chosen
assumptions and is sensitive to the institutional structures of
capitalism. In light of the failure of mainstream economics to
understand systemic failures like the financial crisis and given
the arbitrary character of most assumptions in mainstream models,
such an approach is desperately needed.
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