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Mathematical economics is the application of mathematical methods to represent theories and analyze problems in economics.Often, these applied methods are beyond simple geometry, and may include differential and integral calculus, difference and differential equations, matrix algebra, mathematical programming, or other computational methods.
Alpha Chung-i Chiang (born 1927) is an American mathematical economist, Professor Emeritus of Economics at the University of Connecticut, and author of perhaps the most well known mathematical economics textbook; Fundamental Methods of Mathematical Economics.
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John Forbes Nash Jr. (June 13, 1928 – May 23, 2015), known and published as John Nash, was an American mathematician who made fundamental contributions to game theory, real algebraic geometry, differential geometry, and partial differential equations.
Samuelson considered mathematics to be the "natural language" for economists and contributed significantly to the mathematical foundations of economics with his book Foundations of Economic Analysis. [9] He was author of the best-selling economics textbook of all time: Economics: An Introductory Analysis, first published in 1948. [10]
Orrell is considered a leading proponent of quantum finance and quantum economics. [5] In The Evolution of Money [6] (coauthored with journalist Roman Chlupatý) and a series of articles [7] [8] [9] he proposed a quantum theory of money and value, which states that money has dualistic properties because it combines the properties of an owned and valued thing, with those of abstract number.
Basic math (and a metric beloved by famed economist Robert Shiller) suggests it. Shawn Tully. ... The rub: The current market math suggests that a PE even in the low 20x range is too high, and ...
He was president of the History of Economics Society in 2003–2004 [13] and was honored by the Society as a Distinguished Fellow in 2011. [14] A native of the Philadelphia area, Weintraub received an A.B. degree (1964, mathematics) from Swarthmore College and M.S. and Ph.D. degrees (1967 and 1969, applied mathematics) from the University of ...