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Mathematical Formalism In Economics: Consequences And Alternatives

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  • Stephen Pratten

Abstract

The blinkered insistence upon formalistic modelling has prevented economics from developing in a way that helps us understand the world in which we live. There are alternative approaches to the study of economics that do not use the formal, often closed‐form, models that contemporary mainstream academic economists rely upon. These provide a more promising avenue for future teaching and research.

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  • Stephen Pratten, 2004. "Mathematical Formalism In Economics: Consequences And Alternatives," Economic Affairs, Wiley Blackwell, vol. 24(2), pages 37-42, June.
    • Handle: RePEc:bla:ecaffa:v:24:y:2004:i:2:p:37-42
    DOI: 10.1111/j.1468-0270.2004.00471.x
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    Cited by:

    1. E. Roy Weintraub, 2004. "Making Up History: A Comment On Pratten," Economic Affairs, Wiley Blackwell, vol. 24(3), pages 46-49, September.
    2. Heffron, Raphael J., 2013. "The application of contrast explanation to energy policy research: UK nuclear energy policy 2002–2012," Energy Policy, Elsevier, vol. 55(C), pages 602-616.

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