Economics Has a Math Problem 2
economics, math, science
A small follow-up to an earlier post regarding math in economics. FTM (if that link doesn’t work, try this report on various student initiatives where evident falsehoods about basic assumptions in economic theory are refuted. Not only that, a group at Maastricht University, Pluralism in Economics (PINE) are actively trying to change what their professors are teaching them. Now that is science in optima forma! I think their proposal is roughly in line with what I blogged about 3 years ago: the use of math in (financial) economic theory is misleading, and the soft side of economics is undervalued in most if not all curriculae. Good work, students!