It's true that my initial training was in mathematics. However, almost by accident, I happened to take a course from Kenneth Arrow on "Information Economics,” which was so inspiring that I decided to change direction. It seemed to me that economics combined the best of both worlds: the rigor of mathematics with the immediate relevance of a social science. As for how much math I would recommend, I'd say that basic analysis, including measure theory, is certainly very useful. Also, linear algebra and stochastic processes always helps. But beyond that, I don't think a huge mathematical investment is necessary to do economic theory unless you are planning to work in an extremely technical area.
Eric MaskinRelated topics
accident algebra almost arrow basic best beyond change course direction economics initial inspiring linear math mathematics measure necessary planning relevance rigor science take technical workRelated quotes
...nor have I found occasion to depart from the plan... the rejection of the whole doctrine of series in the establishment of the fundamental parts both of the Differential and Integral Calculus. The method of Lagrange... had taken deep root in elementary works; it was the sacrifice of the clear and indubitable principle of limits to a phantom, the idea that an algebra without limits was purer than one in which that notion was introduced. But, independently of the idea of limits being absolutely necessary even to the proper conception of a convergent series, it must have been obvious enough to Lagrange himself, that all application of the science to concrete magnitude, even in his own system, required the theory of limits.
Augustus De Morgan
Do I worship modern medicine? Is science my religion? Not at all; there is no aspect of modern medicine or science that I would exempt from the most rigorous scrutiny, and I can readily identify a host of serious problems that still need to be fixed. That's easy to do, of course, because the worlds of medicine and science are already engaged in the most obsessive, intensive, and humble self-assessments yet known to human institutions, and they regularly make public the results of their self-examinations. Moreover, this open-ended rational criticism, imperfect as it is, is the secret of the astounding success of these human enterprises. There are measurable improvements every day.
Daniel Dennett
The first person ever to have posed the problem of reading, and in consequence, of writing, was Spinoza, and he was also the first in the world to have proposed both a theory of history and a philosophy of the opacity of the immediate. With him, for the first time ever, a man linked together in this way the essence of reading and the essence of history in a theory of the difference between the imaginary and the true. This explains to us why Marx could not possibly have become Marx except by founding a theory of history and a philosophy of the historical distinction between ideology and science, and why in the last analysis this foundation was consummated in the dissipation of the religious myth of reading.
Baruch Spinoza
I was invited to come here to speak about my idea of art, which is to enlarge the effectivity of art beyond the idea of art as coming out of art history - an art idea which contains the well-known disciplines like sculpture, architecture, painting, music, dancing, poetry and so on. I would like to declare why I feel that it's now necessary to establish a new kind of art, able to show the problems of the whole society, of every living being - and how this new discipline - which I call social sculpture - can realize the future of humankind. It could be a guarantee for the evolution of the earth as a planet, establish conditions for other planetarians too, and you can control it with your own thinking.
Joseph Beuys
The term "meaning" is not here included among the basic terms of semiotic. This term, useful enough at the level of everyday analysis, does not have the precision necessary for scientific analysis. Accounts of meaning usually throw a handful of putty at the target of sign phenomena, while a technical semiotic must provide us with words which are sharpened arrows. "Meaning" signifies any and all phases of sign-processes (the status of being a sign, the interpretant, the fact of denoting, the significatum), and frequently suggests mental and valuational processes as well; hence it is desirable for semiotic to dispense with the term and to introduce special terms for the various factors which meaning fails to discriminate.
Charles W. Morris