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In recent academic and to some extent public debates, mainstream economics has been accused of excessive mathematization. The rejection of mathematical and other formal methods is often cited as a crucial trait of Austrian economics. Based on a systematic discussion of potential benefits and...
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The basis of this essay, which analyzes the use of mathematics in economics, is the supposed dilemma between axiomatics … the language of mathematics, because mathematics is a form of reasoning from predefined axioms and because its reflection …
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