Nonlinear and Convex Analysis: Proceedings in Honor of Ky

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Hopefully the future courses like this will introduce procedures to reduce this. While the issue is most stark when formalist economic reasoning is applied to highly personal matters, such as the family (see Becker, 1991), it has general application to all human activity which has economic content.  Drawing inspiration from Keynes, Chick (1998) argues that real economies are open, organic systems which cannot be fully understood by means of closed, formal theoretical systems, and the mathematics of general equilibrium systems requires closure, and it requires that interactions between the units of analysis to be deterministic, ie it requires atomism.

Pages: 311

Publisher: CRC Press (April 23, 1987)

ISBN: 0824777778

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