TAMING THE INCOMPUTABLE, RECONSTRUCTING THE NONCONSTRUCTIVE AND DECIDING THE UNDECIDABLE IN MATHEMATICAL ECONOMICS

The emergence of non-constructivities in economics is entirely due to the unnecessary and inappropriate formalization of economics by means of 'classical' mathematics. I have made similar claims for the emergence of uncomputabilities and undecidabilities in economics in earlier writings. Here, on the other hand, I want to suggest a way of confronting uncomputabilities, and remedying non-constructivities, in economics, and turning them into a positive force for modeling, for example, endogenous growth, as suggested by Stefano Zambelli. 107,108 In between, a case is made for economics to take seriously the kind of mathematical methodology fostered by Feynman and Dirac, in particular the way they developed the path integral and the δ-function, respectively. A sketch of a "research program" in mathematical economics, analogous to the way Gödel thought incompleteness and its perplexities should be interpreted and resolved, is also outlined, albeit briefly, in the concluding section.