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Home | Library | Daniel Bernoulli and the Founding of Mathematical Economics

Daniel Bernoulli and the Founding of Mathematical Economics

February 10, 2011

Tags World HistoryCalculation and KnowledgeCapital and Interest TheoryMonetary Theory

The use of mathematics necessarily leads the economist to distort reality by making the theory convenient for mathematical symbolism and manipulation. Mathematics takes over, and the reality of human action loses out, writes Murray N. Rothbard (1926–1995).

This audio Mises Daily is narrated by Jeff Riggenbach.


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