MATHEMATICS IN ECONOMICS: REDUCIBILITY AND/OR APPLICABILITY?

Sundar Sarukkai ()
Additional contact information
Sundar Sarukkai: Manipal Center for Philosophy and Humanities, Manipal University, Manipal 576104, India

New Mathematics and Natural Computation (NMNC), 2012, vol. 08, issue 01, 81-93

Abstract: The use of mathematics in physics is not restricted to non-formal use with emphasis on approximation and computability. There is also a domain of creative use of symbolic manipulation as well as of metaphoric imagination that makes applicability in the sciences so effective. The challenge to mathematical use in economics is to find ways to use it in these creative ways, including finding new discursive and writing strategies. For this to be possible, the nature of realism in economics has to be delineated since the way in which mathematics is used in economics seems to be in the "reductive" mode instead of the "applied" mode.

Keywords: Reducibility; applicability; knowledge-how; metaphor; semiotic; economic realism (search for similar items in EconPapers)
Date: 2012
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.worldscientific.com/doi/abs/10.1142/S1793005712400042
Access to full text is restricted to subscribers

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wsi:nmncxx:v:08:y:2012:i:01:n:s1793005712400042

Ordering information: This journal article can be ordered from

DOI: 10.1142/S1793005712400042

Access Statistics for this article

New Mathematics and Natural Computation (NMNC) is currently edited by Paul P Wang

More articles in New Mathematics and Natural Computation (NMNC) from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().