Essays in economics: theories and theorizing

By:

Leontief, Wassily

Material type: Text

TextPublication details: New York; Oxford Univ. Press; 1966Description: 252 p. : illSubject(s):

Economics

DDC classification:

330.1 Leo

Summary: The common theme of all the papers included in this volume is economic theory, its structure, its use, and its misuse. The Gibbs Memorial Lecture on "Mathematics in Economics" was read be fore the 1953 Annual Meeting of the American Mathematical Society at a time when high school calculus was viewed by most economists as advanced mathematics and matrix algebra was still relegated to the pages of the journal called Econometrica. Now, less than fifteen years later, mathematics has without doubt been recognized as the linguafranca of economic theory and most of the current work in the field of economic theory is deviated to proofs of formal theorems derivable from more or less. arbitrarily chosen sets of axiomatic assumptions and, what is essentially the same, a large-scale production of new mathematical models.

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Item type	Current library	Call number	Status	Date due	Barcode	Item holds
Books	Gandhi Smriti Library	330.1 Leo (Browse shelf(Opens below))	Available		6276

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Previous	330.1 Koo Three essays on the economic science	330.1 KRI Economic theory and its applications	330.1 LEI Economic theory and organizational analysis	330.1 Leo Essays in economics: theories and theorizing	330.1 LUN Studies in the theory of economic expansion	330.1 LYN Basic economic principles	330.1 MAN Principles of economics	Next

The common theme of all the papers included in this volume is economic theory, its structure, its use, and its misuse. The Gibbs Memorial Lecture on "Mathematics in Economics" was read be fore the 1953 Annual Meeting of the American Mathematical Society at a time when high school calculus was viewed by most economists as advanced mathematics and matrix algebra was still relegated to the pages of the journal called Econometrica. Now, less than fifteen years later, mathematics has without doubt been recognized as the linguafranca of economic theory and most of the current work in the field of economic theory is deviated to proofs of formal theorems derivable from more or less. arbitrarily chosen sets of axiomatic assumptions and, what is essentially the same, a large-scale production of new mathematical models.

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