The Role of Formalism in Economic Thought, with Illustration Drawn from the Analysis of Social Interaction in the Firm

  • Donald W. Katzner
Part of the Recent Economic Thought book series (RETH, volume 8)


Economists tend to use the word “analysis” rather glibly to describe the things that they do. The list of these things is long, including verbal descrip-tion, numerical manipulation, model building in its many forms, and so on. In all usages, however, the underlying goal of analysis is the same: to make sense out of or to understand worldly phenomena. And in all cases, analysis proceeds by organizing and explaining the thoughts one has about the phenomena in question.


Pareto Optimality Formalist School Economic Thought Incentive Motivation Profit Efficiency 
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© Kluwer-Nijhoff Publishing, Boston 1986

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  • Donald W. Katzner

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