The scholarly article that I read about Economics field is "Why
Mathematics in Economics?" by Katzner. The article provides four
big elements about why mathematics is very important to
economics: 1. to make use of existing human capital; 2. to attain
scientific respectability; 3. to help assure security with respect to
claims of truth; 4. because economics was created primarily by
Western economists to understand Western economic behavior.
According to Katzner, he thought that "The of mathematics adds
an aura of the scientific to economics in its enforcement of
precision in the articulation of concepts and results, in its
enhancement of clarification in the logical structure of argument,
and in its creation of sharp delineation of the boundaries of the
analysis as a whole" (Katzner 564). I agree with his concept of this
point. mathematics is not only the tool that connect the
explanation but also can precisely giving a conclusion because it is
convincing and trusted.
In my opinion, I think mathematics is more useful and convince
tool to explain the economics' condition. It's better to using models
to show the datas and truth than the texts. We always need the
figures and numbers to make a model. After that, we need to
analysis the model. Thus, we need do some calculation to analysis
the data on the model. Sometimes the numbers can better explain
and show the truth.
Work Cited
Katzner. Donald W. "Why Mathematics in Economics?" Journal of Post Keynesian Economics 25 (2003): 561-74. Print.You can read the article "Why Mathematics in Economics" on this website:
http://www.jstor.org/stable/4538849?
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