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Mathematics for Economists [Hardcover]

by Carl P. Simon, Lawrence E. Blume
4.0 out of 5 stars  See all reviews (37 customer reviews)

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Book Description

April 17, 1994 0393957330 978-0393957334 0

Mathematics for Economists, a new text for advanced undergraduate and beginning graduate students in economics, is a thoroughly modern treatment of the mathematics that underlies economic theory.

An abundance of applications to current economic analysis, illustrative diagrams, thought-provoking exercises, careful proofs, and a flexible organization-these are the advantages that Mathematics for Economists brings to today’s classroom.

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Editorial Reviews

About the Author

Carl P. Simon is professor of mathematics at the University of Michigan. He received his Ph.D. from Northwestern University and has taught at the University of California, Berkeley, and the University of North Carolina. He is the recipient of many awards for teaching, including the University of Michigan Faculty Recognition Award and the Excellence in Education Award.

Lawrence Blume is professor of economics at Cornell University. He received his Ph.D. from the University of California, Berkeley, and has taught at Harvard University’s Kennedy School, the University of Michigan, and the University of Tel Aviv.

Product Details

  • Hardcover: 960 pages
  • Publisher: W. W. Norton & Company (April 17, 1994)
  • Language: English
  • ISBN-10: 0393957330
  • ISBN-13: 978-0393957334
  • Product Dimensions: 9.4 x 7.2 x 1.6 inches
  • Shipping Weight: 3.2 pounds (View shipping rates and policies)
  • Average Customer Review: 4.0 out of 5 stars  See all reviews (37 customer reviews)
  • Amazon Best Sellers Rank: #42,182 in Books (See Top 100 in Books)

Customer Reviews

Most Helpful Customer Reviews
57 of 58 people found the following review helpful
5.0 out of 5 stars Not just for economists! June 6, 2000
By A Customer
This is a marvellous introduction to many of the important areas of applied mathematics. The authors do a truly spectacular job of conveying the intuitive principles and pragmatic relevence of each topic, without falling into the "cookbook" trap to which many applied math texts succumb.
But my real point is that it is almost a shame that title specifies "for economists" - because this book will be extremely useful to people looking to improve their applied mathematics background for use in any number of fields. I'm a population biologist myself, and I turn to this book first when I need to brush up on a vaguely familiar subject or delve in to a new topic. Many of the examples are inded drawn from economics, but this is not hindrance - they are well-enough explained and defined that no economics background is required. The economics examples are so well-presented, in fact, that the relevence to problems in other fields will be very clear to even a moderately careful reader.
I cannot recommend this book highly enough!
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49 of 52 people found the following review helpful
5.0 out of 5 stars IF you are doing /have done maths, read this book October 17, 2004
This book is beautiful.

clear simple explinations built up in a clear way.

1) explicitly defined Theorems

2) proofs with clear starts and ends.

3) starts at level that should be within the grasp of able A-level students

i.e. not much knowledge assumed.

4) contains goods maths followed by economic examples that use it.

5) A wellcome counterpoint to economic books and lectures that use bad maths

i) theorems with out showing the conditions are met

ii) use floating 'dx's

6)goes to a level beyond undergraduate level to give a strong powerbase.

7)Mathematics is the language of economics.

Until you are master of the relevant sections, understanding economics

will for you be like reading the Ancient Bible and not knowing hebrew.

Therefore even if yours economics degree includes maths techniques

modules, you will find yourself using maths, you have not been taught yet.

So buy this book and get on top of the maths in your course.

8)get it before you go, read it before you get to uni and then you can

spend the first few weeks partying instead of reading maths to keep on

top of your course.

9)read this book and feel like a million dollars.

10) if you have NO INTEREST IN ECONOMICS, and are doing maths get this

book and it will be a good primer on a whole heap of modules from

Linear Algebra to Analysis.
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70 of 77 people found the following review helpful
5.0 out of 5 stars One of the best May 11, 1999
By A Customer
This is indeed an excellent book. I like it because it is not "dumbed" to fit students with a weak background in mathematics and it is not a definition-proof-theorem-and-try-to-understand-if-you-can book as many advanced books in mathematics. It is well balanced between precise definitions and good explanations, using standard notation. I have used it for self-study and helped me to learn the definitions and theorems needed to jump to more advanced books (yes, to those skinny books with only definitions, theorems and so on). Other books on mathematics for economists are either too hard to understand the first time or they hid the difficults parts.
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29 of 31 people found the following review helpful
5.0 out of 5 stars Let's clarify... June 19, 2001
By A Customer
Because the comments in these reviews help you decide which book to buy, I just wanted to argue that it's not right to compare this book with Chiang's. Both are excellent, but they aim at different targets. Chiang's is less sofisticated, more practical, best suited for college or as a first introduction. And IT IS somewhat outdated. The notation is very basic. Simon and Blume's book is more advanced, aimed at students with more (basic) knowledge of math. Granted, it also covers basic material for the current standards of economics, but their notation and level are far superior. Read the review by "A reader from NY, US" below. Hope this helps.
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26 of 29 people found the following review helpful
5.0 out of 5 stars The best math book for economists! January 16, 1999
By A Customer
The book does not merely provide a sequence of theorems, but helps to develops mathematical intuition which is really critical for economists. I don't have any hesitation to strongly recommend this book to anyone who wants to learn the essential mathematics for economics. One of the best economics books I've ever read!
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13 of 13 people found the following review helpful
3.0 out of 5 stars Useful for advanced students May 5, 2007
This is a very interesting case. People must understand that books on mathematics must be adequate to the level of knowledge and to the goal in terms of study. Basically we can consider that Simon and Blume is for students that:

a) Wish to follow to graduate programs - PhD

b) Have a solid knowledge on Mathematics

This book is NOT for undergraduate students and/or for students that have lack of knowledge on mathematics. I suppose that for a beginner it is wiser to buy and to study books that cover the Essentials on Mathematics for Economics. If you are entering in a Bs/BA in Economics and you don't have a solid mathematical preparation, there are better options available.

If you are a graduate student that wish to follow a PhD program, then this book it is for you.
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13 of 13 people found the following review helpful
5.0 out of 5 stars The best mathematics for economists book ever written October 4, 2001
The text is a phenomenon. A book written not only for economists, but also for applied mathemeticians, finance professionals, and others interested in applying mathematics to economics and business problems. It provides solid math fundamentals to students of economics and finance and can easily rival any advanced calculus, linear algebra, or optimization text. Unlike lecture notes, its approach is complete and balanced. It's a text with character, flow, and content. I've read it several times.
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Most Recent Customer Reviews
5.0 out of 5 stars Concise and relevant math book for Economists
This book is absolutely essential for any graduate or PhD student in Business or Economics. It has the perfect balance of depth and breadth, covering all topics necessary for... Read more
Published 5 months ago by Karthik Babu Nattamai Kannan
5.0 out of 5 stars Great book. I mean it!
This book gives great outlook on the derivatives. I had many math bookS but this one has that right combination of words that puts calculus in your brain just the way you need... Read more
Published 8 months ago by Sergey
2.0 out of 5 stars Lack of basic knowledge of the book.
The book begins with Content-list, all normal preliminary text containing publisher, printing place, authors, editions, year, ISBN are missing. Read more
Published 12 months ago by Mathemaatikko
5.0 out of 5 stars Step by Step walk-through to the Mathematics that Rule Economics
Have you ever wondered how do they come up with this or that equation in Economics or Finance?
This book will certainly help you get there and understand the underlying... Read more
Published 15 months ago by Amazon Customer
5.0 out of 5 stars Good for econ PhD Quant
This covers everything you need to know for your econ PhD quantitative analysis class that historically was taught over the summer, but is now mostly a 4th course in your 1st term.
Published 15 months ago by Dallas
5.0 out of 5 stars Clear and comprehensive
This is a great book. It covered more than 90% of what I needed for my undergraduate studies, and even now, as graduate economics student, I refer to it first when encountering a... Read more
Published 18 months ago by LCC
1.0 out of 5 stars Don't buy if you can avoid it
Worst math textbook ever. Poorly written, badly formatted, and terrible examples. This book hasn't been updated since 1994. Read more
Published 18 months ago by kruss
4.0 out of 5 stars Mathematics for Economists
It's a core book for masters degree economists ! Include various of the most important issues with a rigorous mathematical analysis.
Published 21 months ago by Emi
3.0 out of 5 stars it's not bad as a reference
It's not a bad book, it will cover everything you will ever need for economics. The only downside of the book is that you kind of have to already know what it is you want to do in... Read more
Published on September 4, 2011 by kbarnet1
4.0 out of 5 stars Good book but not for everyone
The book has its problems:

1)It does assume quite a bit of mathematical maturity like solid understanding of what a proof is. Read more
Published on January 28, 2011 by Gregory Loutsenko
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