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Richard Feynman om mathematics

Summary:
From Lars Syll In a comment on one of yours truly’s posts last week, Jorge Buzaglo wrote this truly interesting comment: Nobel prize winner Richard Feynman on the use of mathematics: “Mathematicians, or people who have very mathematical minds, are often led astray when “studying” economics because they lose sight of the economics. They say: ‘Look, these equations … are all there is to economics; it is admitted by the economists that there is nothing which is not contained in the equations. The equations are complicated, but after all they are only mathematical equations and if I understand them mathematically inside out, I will understand the economics inside out.’ Only it doesn’t work that way. Mathematicians who study economics with that point of view — and there have been many of

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from Lars Syll

In a comment on one of yours truly’s posts last week, Jorge Buzaglo wrote this truly interesting comment:

Nobel prize winner Richard Feynman on the use of mathematics:

Mathematicians, or people who have very mathematical minds, are often led astray when “studying” economics because they lose sight of the economics. They say: ‘Look, these equations … are all there is to economics; it is admitted by the economists that there is nothing which is not contained in the equations.

Richard Feynman om mathematics

The equations are complicated, but after all they are only mathematical equations and if I understand them mathematically inside out, I will understand the economics inside out.’ Only it doesn’t work that way. Mathematicians who study economics with that point of view — and there have been many of them — usually make little contribution to economics and, in fact, little to mathematics. They fail because the actual economic situations in the real world are so complicated that it is necessary to have a much broader understanding of the equations.

I have replaced the word “physics” (and similar) by the word “economics” (and similar) in this quote from Page 2-1 in: R. Feynman, R. Leighton and M. Sands, The Feynman Lectures on Physics, Volume II, Addison-Wesley Publishing, Reading, 1964,

About Lars Syll
Lars Syll
Lars Jörgen Pålsson Syll (born November 5, 1957) is a Swedish economist who is a Professor of Social Studies and Associate professor of Economic History at Malmö University College. Pålsson Syll has been a prominent contributor to the economic debate in Sweden over the global financial crisis that began in 2008.

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