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The impacts of the early 20th century physics and mathematics crisis on contemporary economics discourse.

Authors :
SILVA LUPERI, MAURICIO MARTINELLI
Source :
Brazilian Journal of Political Economy / Revista de Economia Política. Oct-Dec2017, Vol. 37 Issue 4, p734-754. 21p.
Publication Year :
2017

Abstract

Through discussion of several authors, dealing with the process of mathematicization of the economy, we seek to clarify the progress of this process in the world. Mirowski (1991) analyzes this phenomenon and finds that it began more strongly from 1925. However, he does not show in his article as mathematics and physics qualitatively influenced the economy. This is our primary goal in this paper: an account, in a systematic way, of how mathematics and physics have influenced constitution of economics, culminating in the adoption of general equilibrium as metatheory and the generalization of the hypothetical- method deductive. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
01013157
Volume :
37
Issue :
4
Database :
Academic Search Index
Journal :
Brazilian Journal of Political Economy / Revista de Economia PolĂ­tica
Publication Type :
Academic Journal
Accession number :
126628288
Full Text :
https://doi.org/10.1590/0101-31572017v37n04a05