Mathematics in Economics: Necessity or Sufficiency?

Abstract

This paper pursues an epistemological analysis of the synergy between Mathematics and economics and its evolution over time. Throughout the study I will develop a succession of ideas, in order to emphasize the importance of Mathematics in Economics, also having the objective of answering the question "Is it necessary to apply Mathematics in Economics? The study is based on a series of articles and studies of those who have influenced the science of economics, as well as critical opinions of scientists that have interacted either directly or indirectly with the theories of the above mentioned authors. The indisputable role that Mathematics has in economics should be accepted and taken into account by all the actors of the contemporary society, regardless of the individual’s area of expertise, matter that would however fulfil the guidelines for any discipline, given that the remarkable progresses in fields of natural sciences from the Renascence to the present time are mostly due to the fact that all the laws of nature can be expressed as mathematical equations, and handling this equations represents the foundation of modern science.
Keywords: Economics, Epistemology, Mathematics.