tag:blogger.com,1999:blog-5908830827135060852.post1769379462754007551..comments2022-12-06T23:32:23.418-05:00Comments on Bond Economics: Understanding DSGE Macro ModelsBrian Romanchukhttp://www.blogger.com/profile/02699198289421951151noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-5908830827135060852.post-29357849224696507362019-03-19T23:58:16.751-04:002019-03-19T23:58:16.751-04:00hihiEmma Jasminehttps://www.blogger.com/profile/16169976400981554714noreply@blogger.comtag:blogger.com,1999:blog-5908830827135060852.post-44080307415382213002019-03-19T04:41:25.741-04:002019-03-19T04:41:25.741-04:00Hyman Minsky refers to Leon Walras and a paper by ...Hyman Minsky refers to Leon Walras and a paper by Debreu when discussing the math models of an economy in equilibrium. The author at Scientific Metrics uses set analysis to find flaws in the use of math to build certain economic models:<br /><br />http://scientificmetrics.com/publications.html<br /><br />http://scientificmetrics.com/downloads/publications/Barzilai_2009_MCDM.pdf<br /><br />If I understand basic arguments: human preferences are subjective and form ordinal sets so one cannot do math operations of addition, multiplication, and differentiation on such sets as applied in economic models. I need to further consider the assumptions and methods in each proposed model.Joe Leotehttps://www.blogger.com/profile/01292763300917387201noreply@blogger.com