> My concern is that when radicals reject finance economics,
> Black-Scholes, etc. they are thereby rejecting all that as well. A
> few of my friends, with influence on younger people, seem to believe
> that if you learn math, you become one of them. But building
> socialism doesn't mean that we abolish the law of gravity, it just
> means that we're trying to make a better aircraft. I've been saying
> this (on Louis Proyect's list first and then on PEN-L) for ages with
> few people finding it persuasive enough to get into that kind of work.
> I guess, it's like political organizing -- it all starts when you
> realize nobody else cares to do it the way you want it to be done.
> :-)
Hi Julio,
Thanks for the reply - you answered my question about measure theory. I'm on the same page as you about the value of learning and using the math, in its proper place. It's just that it has taken rather a lot of effort to learn the math of economics as it was several decades ago, so I was wondering about the marginal returns of getting to grips with measure theory.
Mike