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Symposium on Marshall's Tendencies: 3 Sutton on Marshall's Tendencies: A Comment

Symposium on Marshall's Tendencies: 3 Sutton on Marshall's Tendencies: A Comment Professor Sutton's thought-provoking book is directed principally to the question: ‘Are simple mathematical models helpful in economics, or are they misleading?’ His answer, baldly stated, is that if they are made right they are helpful, but if they are made wrong they are misleading.He has in mind an ideal reader: someone who already knows from other fields how a successful theory based on formal mathematical models works, but who has only recently stumbled on economics, and is skeptical about formal mathematical models here. I am not quite an ideal reader now, but I was once, because I studied and worked in physics before going into economics. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Economics & Philosophy Cambridge University Press

Symposium on Marshall's Tendencies: 3 Sutton on Marshall's Tendencies: A Comment

Economics & Philosophy , Volume 18 (1): 7 – Nov 1, 3

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Publisher
Cambridge University Press
Copyright
© 2002 Cambridge University Press
ISSN
1474-0028
eISSN
0266-2671
DOI
10.1017/S0266267102001049
Publisher site
See Article on Publisher Site

Abstract

Professor Sutton's thought-provoking book is directed principally to the question: ‘Are simple mathematical models helpful in economics, or are they misleading?’ His answer, baldly stated, is that if they are made right they are helpful, but if they are made wrong they are misleading.He has in mind an ideal reader: someone who already knows from other fields how a successful theory based on formal mathematical models works, but who has only recently stumbled on economics, and is skeptical about formal mathematical models here. I am not quite an ideal reader now, but I was once, because I studied and worked in physics before going into economics.

Journal

Economics & PhilosophyCambridge University Press

Published: Nov 1, 3

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