A Note On Mathematical Economics

A Note On Mathematical Economics
- Highlight Loc. 60-63  | Added on Friday, November 11, 2011, 01:21 AM

verbal logic permits each law to be meaningful as it is deduced. The laws of economics are already known to be meaningfully true; they do not have to borrow their meaning from "operational" testing. The most that mathematics could possibly do, therefore, is to laboriously translate verbal symbols into meaningless formal symbols and then, at each step, retranslate them into words.