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The problem with most economics is that there is too little math and too much rhetoric built into the defined terms. Here is a striking example. Social Choice: The economic theorems use terms like "dictatorship", or "irrelevance of independent alternatives". Math Version: Using Ultrafilters to prove Arrow's theorem: monotonic functions. You can have a serious discussion about whether a non-monotonic choice function might be a good tool to use, but it is harder to have that discussions when the rhetoric is about dictators and irrelevant alternatives.
Toggle Commented Jan 12, 2013 on The Illusion of Mathyness at Economics and Ethics
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Jan 12, 2013