The Mathematical Romance: An Engineer's View of Mathematical Economics

Warren C. Gibson

Econ Journal Watch, 2005, vol. 2, issue 1, 149-158

Abstract: Mathematical economics is compared and contrasted with mathematical engineering. Engineers use mathematics where it is practical and cost-effective, sometimes cutting corners, and leaving theorems and derivations to professional mathematicians. In contrast, papers by mathematical economists are often loaded with theorems and lemmas, with only the slightest suggestion that human affairs are involved. I conclude that some economists have fallen for the romance of mathematics, as engineers occasionally do, and that considerable time and talent has been wasted in the process.

Keywords: mathematical economics; mathematical modeling; engineering (search for similar items in EconPapers)
JEL-codes: A14 B4 C0 C60 C62 C69 (search for similar items in EconPapers)
Date: 2005
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Citations: View citations in EconPapers (1)

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