Abstract

FRANCO DE LOS RIOS, Camilo Andrés. AXIOMATIC FORMALISM IN ECONOMICS. Cuad. Econ. [online]. 2005, vol.24, n.43, pp.35-63. ISSN 0121-4772.

Critical reflection concerning the tension existing between developing the body of economic knowledge in the image of mathematics led to discovering a double epistemological rupture in developing economic theory. The first, in the mid nineteenth century, recognised mathematics as being the natural language of economics. The second (situated in the inter-war period) identified incorporating scientific formalism into the body of knowledge pertaining to Walrasian economics’.

Keywords : microeconomics; axiomatic formalism; money.

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