Debreu's apologies for mathematical economics after 1983

Debreu ’ s apologies for mathematical economics after 1983

When reassessing the role of Debreu’s axiomatic method in economics, one has to explain both its success and unpopularity; one has to explain the “bright shadow” Debreu cast on the discipline: sheltering, threatening, and difficult to pin down. Debreu himself did not expect to have such an influence. Before he received the Bank of Sweden Prize in 1983 he had never openly engaged with the method...

Mathematical Models in Economics

Mathematical Institutional Economics

An overview is given of the utilization of strategic market games in the development of a game theory based theory of money and financial institutions. JEL Classifications: C72, C73, E44

Mathematical Models in Economics

The chapter provides a concise discussion of the role of mathematics in economic theory. After a brief overview of the main applications of the mathematical methods to economic problems, the chapter focuses on general equilibrium theory in its atemporal and intertemporal versions and discusses the concepts of equilibrium and dynamics in natural sciences and economics. In this context, business ...

No need for apologies.

The expansion of access to antiretroviral therapy for millions of persons living with HIV in low-income countries has been lauded by many. However, the investment in such programs has at the same time been criticized by others, who claim diversion of resources from HIV prevention efforts and from other important health threats in these same countries. Yet, the time is right to recommit to the g...