Neoclassical Economics as Mathematical Metaphysics.

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    • Abstract:
      This article relates neoclassical economics with mathematical physics. Some scholars wonder what metaphysics mean whether it is something that goes beyond physics or something which follow physics. According to Philips Mirowski's book "More Heat Than Light," neoclassical economics is, metaphysics in the former sense is certainly not adequate; metaphysics in the second latter sense is much closer. According to Mirowski, neoclassical economics follows physics slavishly. However, it does not imitate the whole of physics, but only its mathematical superstructure. The consequence is that neoclassical economists get bogged down in problems that they unwittingly imported when taking over their mathematics from physics. Mirowski links both theses by arguing that each discipline or group of disciplines that is defined by one metaphor develops by taking over either of the other metaphors, which belong to the domain of different disciplines. The author feels that Mirowski's theory is leaves the reader in confusion. Author criticizes Mirowski because he replaces a philosophy of science that analyzes the function of metaphysics in explanation by a philosophy that looks for the meaning of metaphors without adding to our understanding of science.