RE: Re: RE: Re: Rigor mortis?

2002-03-04 Thread Davies, Daniel
-Original Message- From: Michael Perelman [mailto:[EMAIL PROTECTED]] Sent: 04 March 2002 16:43 To: [EMAIL PROTECTED] Subject: [PEN-L:23467] Re: RE: Re: Rigor mortis? Daniel, I don't disagree with you, although the PBS television show, Nova, did do a pretty good job. I was asking

Re: RE: Re: Rigor mortis?

2002-03-04 Thread Michael Perelman
Daniel, I don't disagree with you, although the PBS television show, Nova, did do a pretty good job. I was asking about the examples of models that were able to teach something about the nature of the economy. Obviously, mathematics is important in finance, but I'm not sure how much it can teach

RE: Re: Re: Rigor mortis?

2002-03-04 Thread Devine, James
Alan writes:>The problem I see with the (mainstream) economics profession---and I suspect that this is what many people on this list rightly object to---is the exaltation of mathematical formalism above all else. If formal models were taken as just _one more_ tool in the economists' toolkit then w