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Books > Business & Economics > Economics > Economic theory & philosophy
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Philosophy of Mathematics and Economics - Image, Context and Perspective (Hardcover)
Loot Price: R4,734
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Philosophy of Mathematics and Economics - Image, Context and Perspective (Hardcover)
Series: Routledge INEM Advances in Economic Methodology
Expected to ship within 12 - 17 working days
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With the failure of economics to predict the recent economic
crisis, the image of economics as a rigorous mathematical science
has been subjected to increasing interrogation. One explanation for
this failure is that the subject took a wrong turn in its
historical trajectory, becoming too mathematical. Using the
philosophy of mathematics, this unique book re-examines this
trajectory. Philosophy of Mathematics and Economics re-analyses the
divergent rationales for mathematical economics by some of its
principal architects. Yet, it is not limited to simply enhancing
our understanding of how economics became an applied mathematical
science. The authors also critically evaluate developments in the
philosophy of mathematics to expose the inadequacy of aspects of
mainstream mathematical economics, as well as exploiting the same
philosophy to suggest alternative ways of rigorously formulating
economic theory for our digital age. This book represents an
innovative attempt to more fully understand the complexity of the
interaction between developments in the philosophy of mathematics
and the process of formalisation in economics. Assuming no expert
knowledge in the philosophy of mathematics, this work is relevant
to historians of economic thought and professional philosophers of
economics. In addition, it will be of great interest to those who
wish to deepen their appreciation of the economic contours of
contemporary society. It is also hoped that mathematical economists
will find this work informative and engaging.
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