The Overuse of Mathematics in Economics: Nobel Resistance
Mathematics has become an integral part of 20th century economics. Mathematical techniques that were considered to be on the fringes of economics even a few decades ago are today considered mainstream economics. Economists presented considerable resistance in the past to the encroachment of mathematical methods in economics. This opposition in various forms continues today and may in fact be gaining momentum. This paper documents contemporary criticism of the overuse of mathematics in economics by, eminent mathematical economists and econometricians, especially Nobel laureates.