The Austrian School and Mathematics: Reconsidering Methods in Light of Complexity Economics

This article reconsiders the Austrian school’s historical position regarding role of mathematics in economics light complexity economics’ approach to this issue. It first shows three typical objections traditional use raised by economics. Secondly, it presents critique algebraic mathematics, which is employed mainstream economics, and its proposal for using algorithmic computation. Then, analyzes similarities between positions considers whether alternative method that advocates compatible with valuable The concludes can elaborate economic theory without contradicting own methodology models simulations fact enlarge theories on working emergence market process.