The wrong kind of maths
By Tim Harford
Category: Business › Economics
An awkward truth: the wrong kind of maths can make economics useless for policy. I revisit my baffling master’s term and bring in Wigner, Arrow and Vela Velupillai, to ask which mathematics in economics actually helps explain macroeconomic cycles, financial fragility and behavioural public policy experiments
Rolly's Take
For the curious mind that knows numbers tell stories, yet feels the weight of misinterpretation. Engages with the awkward dance between theory and reality, seeking clarity amidst chaos in the world of economic thought.