Open AccessMathematical Economics by Kelvin Lancaster. Macmillan, New York, 1968.
Author(s) -
Robert E. Kuenne
Publication year - 1969
Publication title -
pakistan development review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.154
H-Index - 26
ISSN - 0030-9729
DOI - 10.30541/v9i3pp.343-346
Subject(s) - diagrammatic reasoning , compromise , task (project management) , mathematical economics , heuristic , computer science , mathematics education , mathematics , sociology , economics , social science , artificial intelligence , management , programming language
The burgeoning of abstract economic analysis since about 1950makes the need for well-conceived consolidations and codifications atthe textbook level peculiarly important. The task is a challenging one,demanding the attainment of a compromise between the "mathematics foreconomists" catalogues of techniques and the highly specialized andformalized "theorem-proof" sequences of the high-theory journals. Itrequires that skilful blend of the rigorous and the heuristic, themultidimensional and the diagrammatic, the logical and the intuitive,found in the teacher-born. Lancaster has succeeded admirably in findingthe optimal mixture.