Economics, Econometrics and Finance
3 years ago

Economics evolves into mathematical science, revolutionizing understanding of economic life.

1 view
Journal of the History of Economic Thought
WHY ECONOMICS IS AN EVOLUTIONARY, MATHEMATICAL SCIENCE: HOW COULD VEBLEN’S VIEW OF ECONOMICS HAVE BEEN SO DIFFERENT THAN PEIRCE’S?
James R. Wible

Paper Summary

Economics can be seen as an evolutionary, mathematical science. Thorstein Veblen argued that economics was too focused on mechanics, while Charles Sanders Peirce could have suggested an evolutionary mathematical approach. Veblen's view was that economics needed to evolve to address real-world economic issues.

Related papers

Theme background image
Arts and Humanities
3 years ago

Traditional Economics Fails to Explain Digital Economy Evolution: Study.

Science in Europe
Mechanistic Explanation
3 views
Economics, Econometrics and Finance
4 years ago

Mainstream Economics Challenged: Evolutionary Economics Fails Competitive Process Evolution

Monetary Models
Econophysics
Economic Institutions
2 views
Theme background image
Energy
4 years ago

New approach to energy economics could reshape global economic theory.

Energy Transition
2 views