The illusion of exactness
Thomas Szira
(Institute of Economics of the Hungarian Academy of Sciences, Budapest, Hungary)
485
Abstract
After having summarized the connections with psychology, philosophy and history, the conclusion of the article is that the application of mathematical models in economics is permissible only in cases when the authors display clearly the time and space limits and other conditions of validity of their models used and, possibly, the attributes of their value‐system.
Keywords
Citation
Szira, T. (2000), "The illusion of exactness", Journal of Economic Studies, Vol. 27 No. 4/5, pp. 495-508. https://doi.org/10.1108/01443580010342410
Publisher
:MCB UP Ltd
Copyright © 2000, MCB UP Limited