Revista OEconomica

Alexandru POPOVICI - Mass-Energy Models of the Economy – Concepts and Realities (II). Energy Flow Analysis

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Răzvan PÎRCĂLĂBESCU - Trade Relations between Romania and the United Mexican States: Export Challenges and Opportunities [Relaţiile comerciale ale României cu Statele Unite Mexicane: provocări şi oportunităţi ale exportului]

Cristian MANOLACHI - Critical Considerations on How Subsidies, Legal Constraints and Physical Barriers Affect Well-Being and Economic Freedom in Today’s European Union

Anca TAMAŞ - Book Review / Recenzie de carte: Matt Ridley, Inovaţia – Cum funcţionează şi de ce îi prieşte libertatea, Bucureşti, Editura Orion, 2021

Articles on Issue Theme

Tudor SMIRNA

Institutul Ludwig von Mises România

Mathematics’ use in economics is of a far greater extent than is logically and scientifically admissible. This paper covers some of the inexorable and devastating criticisms that several thinkers presented against the mathematical way of economic „thinking”. Cardinal value, the possibility of interpersonal comparisons of utility, the continuity of economic functions, indifference, Pareto optimality as welfare criterion, and the possibility of general equilibrium models, are all proven to be nothing more than myths, in spite of their tragic popularity in today’s theory and practice.

ŒCONOMICA no. 3/2010

Keywords: mathematics, quantitative economics, methodology, history of economic thought, Austrian School, Neoclassicism

JEL: B41, B53, C02, D01, D50

Există ştiinţă dincolo de măsurare? (Perspectiva austriacă asupra utilizării matematicii în economie)

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