Economy

Economic policy should be seen again Frankfurt am Main/Dusseldorf / Berlin as statecraft, January 8, 2009 today, as Economist wants to succeed, must be above all a gifted artist of formula: he must move in higher mathematics such as a fish in the water, and the economic world in formulas and abstract models to fit. Thus the economics has become increasingly over the past five decades a mathematical discipline. \”Was marginalised the older order economic school, which was once significant in Germany and which according to the contexts of economic, asked politics and society, renounced but on formulas and verbally argued\”, writes the Economist\”the editor of Philipp Plickert in the new FAZ category, in the weekly Exchange with the Economist\” appears. However, it grow the discomfort to the Mathematization of economics. As the sociologist and economist of the University of Freiburg Viktor Vanberg reminiscent of the mass protest \”French students several years ago, the opposes an autistic economics\” applied. The mathematical formalization has become an end in itself, they complained. Imaginary worlds that had little or nothing in common with the reality of their experience would be modeled.

\”Harder, it expresses the Theoriegeschichtler Mark Blaug: the modern economics is sick.\” It has become an intellectual game, which will played for its own sake, but deliver little practical significance for understanding the world. According to the Nobel Laureate Ronald Coase, the economics is only a theoretical game that floats in the air and has hardly any reference to what happens in the real world. The economics is now mathematical as scientific disciplines. Sometimes the compartment is populated by converts from the mathematics, who want to explain the world to us with naive ceteris paribus clauses\”, criticized Udo Nadolski, Managing Director of the Dusseldorf consultancy Harvey Nash. The The former Allensbach pollster Manfred Wirl Mathematization of Economics recalls the Mathematization and Topographisierung of Kriegswesens before the French Revolution. If you would like to know more about Michael Chabon, then click here.