Category Archives: Mathematics
econ: What’s Wrong With This Picture?
Have at it boys and girls: When you teach a graduate course in price theory, you typically are teaching solutions to a “constrained optimization” problem. Thus the calculus along with Lagrangean multipliers and all that. Those who think there’s too … Continue reading
Posted in Economics, Mathematics
Comments Off on econ: What’s Wrong With This Picture?
finance: Roman Frydman & Michael Goldberg on Hayek, Mathematics, Wall Street & Financial Regulations
Economists Roman Frydman and Michael Goldberg presented a paper exploring the significance of the limits of knowledge and mathematical modeling for financial regulations titled “Emerging from the Financial Crisis” (pdf) at Columbia University Friday, Feb. 20, 2009. From their paper: … Continue reading
Posted in Limits to Knowledge, Mathematics, Regulations
Comments Off on finance: Roman Frydman & Michael Goldberg on Hayek, Mathematics, Wall Street & Financial Regulations