Publication

Variations on the Theme of Conning in Mathematical Economics

Velupillai, K. Vela
Thumbnail Image
Files
Thumbnail Image
paper_0112.pdf
Adobe PDF, 729.46 KB
Identifiers
http://hdl.handle.net/10379/1070
 https://doi.org/10.13025/23032
Publication Date
2006
Keywords
General equilibrium theory, Mathematical ecnomics, Theory of policy, Rational expectations equilibrium, Economics
Type
Working Paper
Downloads
Show all metadata
Citation
Velupillai,K.V. (2006) "Variations on the Theme of Conning in Mathematical Economics" (Working Paper No. 0112) Department of Economics, National University of Ireland, Galway.
Abstract
The mathematization of economics is almost exclusively in terms of the mathematics of real analysis which, in turn, is founded on set theory (and the axiom of choice) and orthodox mathematical logic. In this paper I try to point out that this kind of mathematization is replete with economic infelicities. The attempt to extract these infelicities is in terms of three main examples: dynamics, policy and rational expectations and learning. The focus is on the role and reliance on standard fixed point theorems in orthodox mathematical economics.
Funder
Publisher
National University of Ireland, Galway
Publisher DOI
Rights
Attribution-NonCommercial-NoDerivs 3.0 Ireland
cbn
Collections
Economics (Working Papers)