Sunday, January 17, 2010

Mathematicizatoin of Economics: garbagesque profession

"And indeed, while today’s mathematical economics serves technocrats and financial strategists, it imposes a nearsighted perspective that distracts attention from what formerly was most important, in order to focus on what is merely marginal. In this sense economics has become the microeconomics of price theory, along with a rough macroeconomic income and output statement."

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