Theoretical and Applied Economics
No. 9 / 2013 (586)
Mathematics in economics. A perspective on necessity and sufficiency
Alexandru Ioan Cuza University, Iași
Abstract. The age of maturity in any science is marked by epistemological debates. This paper focuses on the controversy surrounding the use of mathematics in economics. The role of language, tools and appropriateness of methods is discussed within the borders set by empirical and rational approaches. An odyssey through schools of thought unveils creative oppositions, from naive neo-classical assumptions to literate praxeology and unexpected Bioeconomics. The main debate drifts away from the discussion on the necessity of mathematics in economics and concentrates more on the degree in which this abstract science should infiltrate on the highly empirical field of social sciences, in particular, economics. The dissertation includes opinions on the intrusion of yet another discipline in economics, namely computer science and the consequences thereof, especially related to possible imbalances. In conclusion, economics is a melting pot of other domains and it requires the craftsmanship of the highly literate.
Contents
The sustainable company: new challenges and strategies for more sustainability
The impact of accounting information on managerial decisions – Empirical study conducted in the hospitality industry entities in Romania
Exchange rate volatility effects on export competitiveness. Romanian Case
Do investors consider composite leading indicators? Time series evidence from emerging countries
Can Member States unlock the national competitiveness through export market share effects?
Innovation – a national priority, supported by the regional development agencies
Pros and cons of using derivatives
Harmonization process in defining small and medium-sized enterprises. Arguments for a quantitative definition versus a qualitative one
Management strategies of the financial-economical crisis in the hotel’s domain
Mathematics in economics. A perspective on necessity and sufficiency
Financial stability between liberalization and regulation