Regarding the exclusive use of mathematical modeling in economics, there
is a deeper objection. Leaving aside the fact that a mathematical
result has nothing to say, as such, about reality and that to do so
requires an always risky interpretation, any mathematical truth is a
necessary truth, that is, the final result of a mathematical process is
already inherent in the initial definitions and hypotheses. This is not,
of course, to rule out mathematics; it is rather not to claim any
mathematical authority for, more or less arbitrary, presuppositions and
interpretations.
JA
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