Mathematical Methods of Economics

Methods of Economics: A Survey of Matters and Methods

In spite of sonic pessimistic attitudes towards methodology of economics, it has succeeded as a central theme in numerous books, refereed journals, international conferences and symposiums whose volume is increasing at an unprecedented rate. The proliferation of methodological literature also is accompanied by a proliferation of issues that concern: the goals of economics, realism of economics,...

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 ...

Mathematical Complexity of Simple Economics

lesson learned from modern dynamics is that natural systems can be surprisingly complex. No longer are we astonished to discover that systems from, say, biology (e.g., [GOI, Ma1, Ma2]) or the Newtonian n-body problem (e.g., [MM, Mo, Mk, SX, X]) admit all sorts of previously unexpected dynamical behavior. This seeming randomness, however, sharply contrasts with what we have been conditioned to e...