From: GERALD LEVY <gerald_a_levy@msn.com>

Date: Sun Sep 13 2009 - 06:53:59 EDT

Date: Sun Sep 13 2009 - 06:53:59 EDT

*> In reply to Alejandro, almost any categorization of a phenomenon can be
*

*> modelled mathematically to reveal its quantitative implications. The problem
*

*> is not with mathematics per se, but as Ian Wright notes, the problem is with
*

*> poor conceptualizations of economic reality.
*

Jurriaan:

That might be true if all phenomena could be adequately grasped through

formal logic - the logic of mathematics. There are aspects of reality, and

social life in general, that can not be understood through formal, logical

methods. I will agree with you, though, that the problem isn't with

math per se. The problem lies with economists and others falling for the

illusion that all questions - not matter how complex and contradictory - can

be adequately expressed quantitatively.

*> You can model uncertainty, if you can define the
*

*> dimensions of certainty and uncertainty.
*

At least in economics, you can model uncertainty very poorly.

*>> We do have an alternative, but that alternative goes beyond classical
*

*> political economy and beyond neoclassical economics. Our point of departure
*

*> is to understand the economy not via a mystical bourgeois or Marxist theory,
*

*> but understand it as it really works, how it really works in reality.
*

That alternative should grasp the limitations of mathematical models.

Even some of the better mainstream economists, like the late Oskar Morgenstern,

grasped this. Alain Liepietz understood it when he critiqued "algebraic Marxism".

And, there is a growing international movement of students and

professional economists - in the post-autistic movement - which grasp many

aspects of the problem.

In solidarity, Jerry_______________________________________________

ope mailing list

ope@lists.csuchico.edu

https://lists.csuchico.edu/mailman/listinfo/ope

Received on Sun Sep 13 06:57:32 2009

*
This archive was generated by hypermail 2.1.8
: Wed Sep 30 2009 - 00:00:02 EDT
*