Mathematics and Economics: the Case of Menger



Year of publication 2013
Type Conference abstract
MU Faculty or unit

Faculty of Economics and Administration

Description Menger's general methodological approach is based on the view of neatly organized world constructed additively from strictly regular simple elements called pure types. Such a conception of world's ontology seems to invite mathematical treatment of economic phenomena. The more so as it is heavily supplemented by Menger's references on the way natural sciences are practiced. Yet Menger's economics is not mathematical and he even explicitly rejected mathematical approach to economics. This apparent puzzle is explained by an insufficient treatment of these simple elements on his part. Some general questions concerning the relation of mathematics and economics are raised in this context.
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