Sunday, November 13, 2011

The Language of Econs

Japanese and Korean have strong honorific forms, while English and French have female and male forms. C++ allows us to give computers instructions for certain tasks. Mathematics is just another language with certain structures particular to itself. Economists have chosen the language of mathematics in their pursuit of scientific discovery. They claim the logical structure of mathematics have allowed economics to develop into its current scientific stage. Take for example John Nash and game theory. Nash wasn't even an economist, but game theory is currently so embedded into modern microeconomics that one wonder who the hell understands them other than (well-trained) mathematicians.

I believe certain economic situations require the use of non-mathematics languages, because we are dealing with humans, not particles. Certain issues cannot be described by mathematics without losing its meaning, just like how the poetic styles of ancient Chinese cannot be translate to other languages without losing its literature beauty. Being semi-bilingual, it is obvious to me that certain languages are better suited for certain situations. Or maybe, I am just in-adequate in either language.

Despite my deep passion for economics, I have spent my few months wondering the true meaning of economics. Should I head back to the ivory realms of academic economics, or jump to other fields that work on economic issues, but through the lens of non-mathematicians.

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