Theoretical and Applied Economics
No. 9 / 2013 (586)
Mathematics in economics. A perspective on necessity and sufficiency
Alexandru Ioan Cuza University, Iași
Abstract. The age of maturity in any science is marked by epistemological debates. This paper focuses on the controversy surrounding the use of mathematics in economics. The role of language, tools and appropriateness of methods is discussed within the borders set by empirical and rational approaches. An odyssey through schools of thought unveils creative oppositions, from naive neo-classical assumptions to literate praxeology and unexpected Bioeconomics. The main debate drifts away from the discussion on the necessity of mathematics in economics and concentrates more on the degree in which this abstract science should infiltrate on the highly empirical field of social sciences, in particular, economics. The dissertation includes opinions on the intrusion of yet another discipline in economics, namely computer science and the consequences thereof, especially related to possible imbalances. In conclusion, economics is a melting pot of other domains and it requires the craftsmanship of the highly literate.
Keywords: mathematics; economics; neo-classics; epistemology; crisis.
Contents
- The impact of accounting information on managerial
decisions – Empirical study conducted in the hospitality
industry entities in Romania
Sorin BRICIU
Carmen SCORŢE
Ioana MEŞTER
- Exchange rate volatility effects on export
competitiveness. Romanian Case
Anca GHERMAN
George ŞTEFAN
Adriana FILIP
- Do investors consider composite leading indicators?
Time series evidence from emerging countries
Mert TOPCU
Ulas UNLU
- Can Member States
unlock the national competitiveness
through export market share effects?
Angela Cristina POPA
Călin CANTEMIR
- Innovation – a national priority, supported
by the regional development agencies
Elena ENACHE
Cristian MOROZAN
- Pros and cons of using derivatives
Ramona GOGONCEA
Ioana-Diana PAUN
- Harmonization process in defining
small and medium-sized enterprises.
Arguments for a quantitative definition
versus a qualitative one
Maria-Mădălina BUCULESCU (COSTICĂ)
- Financial stability between liberalization
and regulation
Cristian IONESCU