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Simple mathematics in simple economic modelling

Published online by Cambridge University Press:  22 September 2016

Paul Hudson
Paul Hudson*
Affiliation:
The polytechnic, Wolverhampton WV1 1LY
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Extract

Mathematics has had a profound influence on economic theory within the last 25 years, and many well known economists started their higher education in mathematics. Alfred Marshall and John Maynard Keynes, for example, were both Wranglers at Cambridge; we also know that Adam Smith—whose Inquiry into the nature and causes of the wealth of nations was published just over 200 years ago—studied logic and mathematics at Glasgow; and, more recently, some scholars have come to regard Karl Marx as one of the ‘giants’ in the history of mathematical economics.

Type
Research Article
Information
The Mathematical Gazette , Volume 61 , Issue 416 , June 1977 , pp. 105 - 119
Copyright
Copyright © Mathematical Association 1977

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