Mathematical economics
From Freepedia
Mathematical economics is the sub-field of economics that explores the mathematical aspects of economic systems.
Modern mainstream economic research typically makes extensive use of formal mathematics and mathematical modelling. As a result, the distinction between mathematical and non-mathematical economics is much less clear today than it once was. The mathematical tools economists use today are often applied in other sciences and applied mathematics as well.
Mathematical economics can be regarded as the "theoretical" counterpart of econometrics, which attempts to analyse the real world of economic activity using statistical techniques.
Contents |
Issues within mathematical economics
Mathematical economists
Famous mathematical economists include, but are not limited to the following list.
See also
- Econometrics
- Financial mathematics
- Mathematics of random variables
- Pareto distribution
- Probability theory
- Zipf's law
- Extreme value theory
- Fractal
- Systems theory
- Self-organization
- Self-similarity
- Randomness
External links
- Keyword list from Journal of Mathematical Economics
- Open Directory Project: Mathematical Economics and Financial Mathematics
- Wealth Condensation in Pareto Macro-Economies
