http://pursuitoftruthiness.wordpress.com/2009/06/14/mini-biographies/ my gut tells me I know economics Mon, 14 Dec 2009 19:43:53 +0000 http://wordpress.com/ hourly 1 http://pursuitoftruthiness.wordpress.com/2009/06/14/mini-biographies/#comment-265 euandus2 Mon, 14 Dec 2009 19:43:53 +0000 http://pursuitoftruthiness.wordpress.com/?p=270#comment-265 With time, I believe the mathematical "problem solving" orientation of twentieth-century economics will be viewed as piece-meal and insufficient, especially as we look at the viability of the market-mechanism itself in the wake of the financial crisis. Relatedly, Samuelson's "mathematization" of economics treats the discipline as though it were a science--ignoring the inherent limits to prediction of a human system, whether social, political or economic. For more, pls see http://euandus3.wordpress.com/2009/12/14/paul-samuelson-the-20th-century-economist-has-passed/ With time, I believe the mathematical “problem solving” orientation of twentieth-century economics will be viewed as piece-meal and insufficient, especially as we look at the viability of the market-mechanism itself in the wake of the financial crisis. Relatedly, Samuelson’s “mathematization” of economics treats the discipline as though it were a science–ignoring the inherent limits to prediction of a human system, whether social, political or economic. For more, pls see http://euandus3.wordpress.com/2009/12/14/paul-samuelson-the-20th-century-economist-has-passed/

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