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How Economics Became a Mathematical Science (Science and Cultural Theory)

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Title: How Economics Became a Mathematical Science (Science and Cultural Theory)
by E. Roy Weintraub
ISBN: 0-8223-2871-2
Publisher: Duke Univ Pr (Txt)
Pub. Date: June, 2002
Format: Paperback
Volumes: 1
List Price(USD): $19.95
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Average Customer Rating: 5 (1 review)

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Rating: 5
Summary: Essential to understanding HET
Comment: E. Roy Weintraub investigates the relationship between the development of mathematics and economics. He argues that by ignoring that mathematics too is a changing field, historians of economic thought have missed important distinctions. In clarifying the strange relationship between Marshall and mathematical methods in economics he shows how this distinctions give new, important insights. He traces the story of the mathematician Griffith C. Evans and his attempt to do mathematical economics like physics with quantifyable data (influenced by Volterra). In his next chapter he looks at Hilberts influence in mathematics, which is distinct from his impact on metamathematics. Having set the stage for abstract formalisms, he investigates how Gerard Debreu has brought the views of Nicolas Bourbaki, a important abstractionist movement, into economics.
The following two chapters aim to clarify the differences between mathematical and economic culture. As an illustration, he gives a account of a unfruitful correspondence between Don Patinkin and the eccentric mathematician, Cecil Phipps, who also was influencial in the puplication of the famous existence proof of Arrow and Debreu.
After this, Weintraub get's personal and tells the story of his economist father and mathematician uncle and how economics become a topic for well trained mathematicians. Weintraub also tells his own story of a economist turned mathematician as a example of a large inflow of mathematicians into economics.
The last chapter is dedicated to methodological issues.

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