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The Tata Engineering and Locomotive

Among other things, he said: "Much is being made of the widespread, nearly mandatory use by modern economist theorists of modern mathematics. To the extent to which the economic phenomena possess observable qualitative dimensions, this is undoubtedly a' major forward step. Uni- fortunately, any one capable of learning elementary, or preferably advanced calculus and algebra, and acquiring acquaintance with the specialised terminology of economics can set himself up as a theorist Uncritical enthusiasm for mathematical formulation tends often to conceal the ephemeral content of the argument behind the formidable front of algebraic signs'' References [2] [3] [4] [5] [6] [7) [8] [1] "Factors Affecting Money Sup[9] ply: Critical Evaluation of Reserve Bank's Analysis", Suraj B Gupta, EPW, January 24, 1976. "Money Supply Analysis: Further Comments" by Shetty, Ava- dhani and Menon EPW, April

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