How Economics Became A Mathematical Science

Author : E. Roy Weintraub
Publisher : Duke University Press
ISBN 13 : 0822383802
Total Pages : 329 pages
Book Rating : 4.02/5 ( download)

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Download or read book How Economics Became a Mathematical Science written by E. Roy Weintraub and published by Duke University Press. This book was released on 2002-05-28 with total page 329 pages. Available in PDF, EPUB and Kindle. Book excerpt: In How Economics Became a Mathematical Science E. Roy Weintraub traces the history of economics through the prism of the history of mathematics in the twentieth century. As mathematics has evolved, so has the image of mathematics, explains Weintraub, such as ideas about the standards for accepting proof, the meaning of rigor, and the nature of the mathematical enterprise itself. He also shows how economics itself has been shaped by economists’ changing images of mathematics. Whereas others have viewed economics as autonomous, Weintraub presents a different picture, one in which changes in mathematics—both within the body of knowledge that constitutes mathematics and in how it is thought of as a discipline and as a type of knowledge—have been intertwined with the evolution of economic thought. Weintraub begins his account with Cambridge University, the intellectual birthplace of modern economics, and examines specifically Alfred Marshall and the Mathematical Tripos examinations—tests in mathematics that were required of all who wished to study economics at Cambridge. He proceeds to interrogate the idea of a rigorous mathematical economics through the connections between particular mathematical economists and mathematicians in each of the decades of the first half of the twentieth century, and thus describes how the mathematical issues of formalism and axiomatization have shaped economics. Finally, How Economics Became a Mathematical Science reconstructs the career of the economist Sidney Weintraub, whose relationship to mathematics is viewed through his relationships with his mathematician brother, Hal, and his mathematician-economist son, the book’s author.

Author : E. Roy Weintraub
Publisher : Duke University Press
ISBN 13 : 9780822328711
Total Pages : 332 pages
Book Rating : 4.12/5 ( download)

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Download or read book How Economics Became a Mathematical Science written by E. Roy Weintraub and published by Duke University Press. This book was released on 2002-05-28 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt: DIVDiscusses the history of 20th century economics, and how it has become dominated by mathematical approaches./div

Author : Thomas A. Boylan
Publisher : Routledge
ISBN 13 : 1351124544
Total Pages : 334 pages
Book Rating : 4.46/5 ( download)

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Download or read book Philosophy of Mathematics and Economics written by Thomas A. Boylan and published by Routledge. This book was released on 2018-04-09 with total page 334 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Author : Aiko Ikeo
Publisher : Routledge
ISBN 13 : 1317747534
Total Pages : 305 pages
Book Rating : 4.36/5 ( download)

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Download or read book A History of Economic Science in Japan written by Aiko Ikeo and published by Routledge. This book was released on 2014-04-03 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: Japanese economists began publishing scientific papers in renowned journals including Econometrica in the 1950s and had made their significant contributions to the sophistication of general equilibrium analysis by intensive use of a variety of mathematical instruments. They had contributed significantly to the transformation of neoclassical economics. This book examines how it became possible for Japanese economists to do so by shedding light on the "professional" discussion of the international gold standard and parity policies in the early twentieth century, the acceptance of "mathematical economics" in the following period, the impact of establishment of the Econometric Society (1930), and the swift distribution of theory-oriented economics journals since 1930. This book also includes topics on the historical research of the Japanese foundations of modern economics, the transformation of the economics of Keynes into Keynesian economics, Japanese developments in econometrics, and Martin Bronfenbrenner's visit to Japan in the post-WWII period. This book provides insight into the economic research done by Japanese scholars in the international context. It traces how, during the period 1900-1960, economics was harmonized with economics and a standard economics was re-shaped on the basis of mathematics thanks to economists' appetite for rigor and will help to contribute to existing literature.

Author : National Research Council
Publisher : National Academies Press
ISBN 13 : 0309284570
Total Pages : 223 pages
Book Rating : 4.78/5 ( download)

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Download or read book The Mathematical Sciences in 2025 written by National Research Council and published by National Academies Press. This book was released on 2013-06-13 with total page 223 pages. Available in PDF, EPUB and Kindle. Book excerpt: The mathematical sciences are part of nearly all aspects of everyday life-the discipline has underpinned such beneficial modern capabilities as Internet search, medical imaging, computer animation, numerical weather predictions, and all types of digital communications. The Mathematical Sciences in 2025 examines the current state of the mathematical sciences and explores the changes needed for the discipline to be in a strong position and able to maximize its contribution to the nation in 2025. It finds the vitality of the discipline excellent and that it contributes in expanding ways to most areas of science and engineering, as well as to the nation as a whole, and recommends that training for future generations of mathematical scientists should be re-assessed in light of the increasingly cross-disciplinary nature of the mathematical sciences. In addition, because of the valuable interplay between ideas and people from all parts of the mathematical sciences, the report emphasizes that universities and the government need to continue to invest in the full spectrum of the mathematical sciences in order for the whole enterprise to continue to flourish long-term.

Author : Philip Mirowski
Publisher : Cambridge University Press
ISBN 13 : 9780521775267
Total Pages : 674 pages
Book Rating : 4.64/5 ( download)

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Download or read book Machine Dreams written by Philip Mirowski and published by Cambridge University Press. This book was released on 2002 with total page 674 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the first cross-over book into the history of science written by an historian of economics. It shows how 'history of technology' can be integrated with the history of economic ideas. The analysis combines Cold War history with the history of postwar economics in America and later elsewhere, revealing that the Pax Americana had much to do with abstruse and formal doctrines such as linear programming and game theory. It links the literature on 'cyborg' to economics, an element missing in literature to date. The treatment further calls into question the idea that economics has been immune to postmodern currents, arguing that neoclassical economics has participated in the deconstruction of the integral 'self'. Finally, it argues for an alliance of computational and institutional themes, and challenges the widespread impression that there is nothing else besides American neoclassical economic theory left standing after the demise of Marxism.

Author : John Rapley
Publisher : Simon and Schuster
ISBN 13 : 1471152774
Total Pages : 567 pages
Book Rating : 4.71/5 ( download)

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Download or read book Twilight of the Money Gods written by John Rapley and published by Simon and Schuster. This book was released on 2017-07-13 with total page 567 pages. Available in PDF, EPUB and Kindle. Book excerpt: Imagine one day you went to a cash-machine and found your money was gone. You rushed to your branch, where a teller said that overnight people had stopped believing in money, and it all vanished. Seem incredible? It happened, and it could happen again. Twilight of the Money Gods is the story of economics, told not as the science it strove to be, but as the religion it became. Over two centuries, it searched for the hidden codes which would reveal the path to a promised land of material abundance. While its prophets, from Adam Smith to John Maynard Keynes and Milton Friedman, concerned themselves with the human condition, its priesthood gradually grew remote from its followers, until it lost sight of their tribulations. Today, amid a crisis of faith in their expertise, we must re-imagine an economics for a new era - one filled with both danger and opportunity.

Author : Philip Mirowski
Publisher : Duke University Press
ISBN 13 : 9780822333227
Total Pages : 478 pages
Book Rating : 4.28/5 ( download)

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Download or read book The Effortless Economy of Science? written by Philip Mirowski and published by Duke University Press. This book was released on 2004 with total page 478 pages. Available in PDF, EPUB and Kindle. Book excerpt: A compilation of essays by the author that reveals the value for science studies of examples arising within the history of economics.

Author : Giorgio Israel
Publisher : Springer Science & Business Media
ISBN 13 : 3764398965
Total Pages : 215 pages
Book Rating : 4.65/5 ( download)

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Download or read book The World as a Mathematical Game written by Giorgio Israel and published by Springer Science & Business Media. This book was released on 2009-04-24 with total page 215 pages. Available in PDF, EPUB and Kindle. Book excerpt: Galileo and Newton’s work towards the mathematisation of the physical world; Leibniz’s universal logical calculus; the Enlightenment’s mathématique sociale. John von Neumann inherited all these aims and philosophical intuitions, together with an idea that grew up around the Vienna Circle of an ethics in the form of an exact science capable of guiding individuals to make correct decisions. With the help of his boundless mathematical capacity, von Neumann developed a conception of the world as a mathematical game, a world globally governed by a universal logic in which individual consciousness moved following different strategies: his vision guided him from set theory to quantum mechanics, to economics and to his theory of automata (anticipating artificial intelligence and cognitive science). This book provides the first comprehensive scientific and intellectual biography of John von Neumann, a man who perhaps more than any other is representative of twentieth century science.

Author : Deirdre Nansen McCloskey
Publisher : University of Chicago Press
ISBN 13 : 0226826511
Total Pages : 158 pages
Book Rating : 4.16/5 ( download)

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Download or read book Bettering Humanomics written by Deirdre Nansen McCloskey and published by University of Chicago Press. This book was released on 2023-06-05 with total page 158 pages. Available in PDF, EPUB and Kindle. Book excerpt: Deirdre Nansen McCloskey's latest meticulous work examines how economics can become a more "human" science. Economic historian Deirdre Nansen McCloskey has distinguished herself through her writing on the Great Enrichment and the betterment of the poor—not just materially but spiritually. In Bettering Humanomics she continues her intellectually playful yet rigorous analysis with a focus on humans rather than the institutions. Going against the grain of contemporary neo-institutional and behavioral economics which privilege observation over understanding, she asserts her vision of “humanomics,” which draws on the work of Bart Wilson, Vernon Smith, and most prominently, Adam Smith. She argues for an economics that uses a comprehensive understanding of human action beyond behaviorism. McCloskey clearly articulates her points of contention with believers in “imperfections,” from Samuelson to Stiglitz, claiming that they have neglected scientific analysis in their haste to diagnose the ills of the system. In an engaging and erudite manner, she reaffirms the global successes of market-tested betterment and calls for empirical investigation that advances from material incentives to an awareness of the human within historical and ethical frameworks. Bettering Humanomics offers a critique of contemporary economics and a proposal for an economics as a better human science.