A Note On Mathematical Economics

A Note On Mathematical Economics
- Highlight Loc. 68-74  | Added on Friday, November 11, 2011, 01:22 AM

Since knowledge in physics is never certain and absolute, positivists can never understand how economists can arrive at certain truths; therefore they accuse economists of being "a priori" and "dogmatic." Similarly, cause in physics tends to be fragile, and positivists have tended to replace the concept of cause by one of "mutual determination." Mathematical equations are uniquely suited to depicting a state of mutual determination of factors, rather than singly determined cause and effect relations. Hence, again, mathematics are singularly suitable for physics.