How Founding beliefs of Capitalism, University and Mathematics Shaped the Institution of Mainstream Economics

The article shows that mainstream economics, which now includes such current as new institutional economics, is the result of an evolution shaped by three institutions (capitalism, university and mathematics) by imposing to the profession of economists their founding beliefs. These beliefs are: «lai...

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Збережено в:
Бібліографічні деталі
Дата:2016
Автор: Yefimov, V.
Формат: Стаття
Мова:English
Опубліковано: Інститут телекомунікацій і глобального інформаційного простору НАН України 2016
Назва видання:Математичне моделювання в економіці
Теми:
Онлайн доступ:http://dspace.nbuv.gov.ua/handle/123456789/131839
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Назва журналу:Digital Library of Periodicals of National Academy of Sciences of Ukraine
Цитувати:How Founding beliefs of Capitalism, University and Mathematics Shaped the Institution of Mainstream Economics / V. Yefimov // Математичне моделювання в економіці. — 2016. — № 1(5). — С. 30-58. — Бібліогр.: 96 назв. — англ.

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Digital Library of Periodicals of National Academy of Sciences of Ukraine
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Резюме:The article shows that mainstream economics, which now includes such current as new institutional economics, is the result of an evolution shaped by three institutions (capitalism, university and mathematics) by imposing to the profession of economists their founding beliefs. These beliefs are: «laissez-faire»; «economic knowledge has a priori and exegetical character»; «all mathematical entities exist in reality»; «beauty is a criterion for theoretical constructions»; «scientific research is a play with axioms and rules of inference». Because of these beliefs mainstream economics, based on mathematical constructions arbitrarily borrowed from the physics of the nineteenth century, remains cognitively sterile and socially detrimental.