Mathematics has given economics rigor, but alas, also mortis.
The use of mathematics has brought rigor to economics. Unfortunately, it has also brought mortis.
Before economics can progress, it must abandon its suicidal formalism.
The change began with John Stuart Mill and the Utopians . When Mill pointed out that economics had no ultimate solution to the problem of distribution , that society might do with the fruits of its toil as it saw fit, he introduced into the mechanical calculus of the market a conflicting calculus of moral judgment.
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