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Mathematical needs and economic interpretations

Miguel Duran

No 05/07, ThE Papers from Department of Economic Theory and Economic History of the University of Granada.

Abstract: This paper aims at showing that the disconnection between formal structures and theoretical content in economic model building could lead to undesirable consequences. In this sense, linking formal and verbal contents by means of coherent and relevant interpretations is worth the effort. For it is a relatively simple way of helping to improve the usefulness of mathematical economic theorization. By way of illustration of these ideas, the paper discusses the interpretation which Arrow and Debreu themselves put on the inclusion of free goods in their proof of existence of a general equilibrium.

Keywords: Economic Methodology; Existence; General Equilibrium Theory; Interpretation; Mathematical Economics. (search for similar items in EconPapers)
Pages: 30 pages
Date: 2005-06-01
New Economics Papers: this item is included in nep-hpe
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http://www.ugr.es/~teoriahe/RePEc/gra/wpaper/thepapers05_07.pdf (application/pdf)

Related works:
Journal Article: Mathematical Needs and Economic Interpretations (2007) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:gra:wpaper:05/07

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