Controversy: axiomatisches misserstandnis
Article Abstract:
Most of the controversies over formalism in economics correlate with misconceptions on the histories of mathematics, economics and the relationship between mathematics and economics. There is confusion on the nature of and correlations among axiomatics, rigour and formalism in the discipline. People who attack economics should understand the importance of mathematics and formalism to the discipline. Both promote novel economic theories and their accessibility to practitioners and students.
Publication Name: Economic Journal
Subject: Economics
ISSN: 0013-0133
Year: 1998
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Two cheers for formalism
Article Abstract:
Most of the criticisms on formalism in economics have been correlated with the discipline's use of abstract frameworks and mathematics. These criticisms have been made by journalists, politicians and other people outside the profession. These people, and even some economists, fail to take into consideration the importance of formalism to progress and developments in economic thought. In addition, formalism supports learning among students and colleagues.
Publication Name: Economic Journal
Subject: Economics
ISSN: 0013-0133
Year: 1998
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On knowing one's place: the role of formalism in economics
Article Abstract:
Economics is a discipline that should accommodate formalism to promote a better understanding of complexities associated with it. Formal methods can be utilized in specific areas of the discipline to support the examination of philosophical concerns and analysis of semantic problems associated with applications. In addition, a formal approach in economics promotes an opportunity to make assumptions and communicate results effectively.
Publication Name: Economic Journal
Subject: Economics
ISSN: 0013-0133
Year: 1998
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