A Note On Mathematical Economics

A Note On Mathematical Economics
- Highlight Loc. 42-49  | Added on Friday, November 11, 2011, 01:19 AM

Why is mathematics so useful in physics? Precisely because the axioms themselves, and the laws deduced from them, are unknown and in fact meaningless. Their meaning is only "operational," since they are meaningful only insofar as they can explain given facts. Thus, the equation of the law of gravitation is in itself meaningless; it is only meaningful to us in relation to the facts that we humans observe and that the law can explain. Consequently, mathematics, which performs deductive operations on meaningless symbols, is perfectly suited for the methods of physics.