Revista OEconomica

Tudor Constantin BĂLAN - Cycles of Freedom: Are Our Rights Today Permanently Secured, or Are We in a Transitional Phase? The Cases of Great Britain, the United States, and Russia

Marius-Cristian PANĂ, Adela BĂLAN - Economic Freedom and Prosperity: A Comparative Analysis of Welfare Determinants at the International Level

Ana Octavia ALBU - When Accurate Forecasts Still Produce Waste: Demand Shocks and Over-Forecasting Risk in Food Retail

Adrian-Ioan DAMOC - The Persian Pivot and the Reconfiguration of Geopolitical Realism: Iran and Venezuela in Strategic Competition among the United States, China, and Russia

Emmanuel Olusegun STOBER - Coercive Diplomacy in the Gulf and the Limits of the Strike-Forward Strategy: Toward a Middle-Power Coalition for Regional Stability

Sorin-Nicolae CURCĂ - On the Informational Entropy of Economic Shock

Florin DĂNESCU - The Banking Sector as Critical Infrastructure in the Logic of Hybrid Conflict: Post-2014 Legislative Convergence in Central and Eastern Europe and the Case of Romania

Alexandru POPOVICI - The Contribution of the Music Industry to GDP and Employment: A Comparative Analysis

Mohammed AL-NASSERY - Implications of the War in the Middle East: An Analysis of the Economic, Security, Humanitarian, and Political Dimensions

Mihai LĂCĂTUŞ - GDP as a Means, Not an End: Inequality as the Missing Variable in Fiscal Policy Design – A 60-Country Analysis of Economic Growth and Subjective Well-Being

Articles on Issue Theme

Tudor SMIRNA

Institutul Ludwig von Mises România

Mathematics’ use in economics is of a far greater extent than is logically and scientifically admissible. This paper covers some of the inexorable and devastating criticisms that several thinkers presented against the mathematical way of economic „thinking”. Cardinal value, the possibility of interpersonal comparisons of utility, the continuity of economic functions, indifference, Pareto optimality as welfare criterion, and the possibility of general equilibrium models, are all proven to be nothing more than myths, in spite of their tragic popularity in today’s theory and practice.

ŒCONOMICA no. 3/2010

Keywords: mathematics, quantitative economics, methodology, history of economic thought, Austrian School, Neoclassicism

JEL: B41, B53, C02, D01, D50

Există ştiinţă dincolo de măsurare? (Perspectiva austriacă asupra utilizării matematicii în economie)

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