The application of
statistical and
mathematical methods in the field of economics to test and quantify
economic theories and the solutions to economic
problems.
It is similar to the field of
Physics in that one of the major goals is to search for a
unified theory - the unification of the theoretical-quantitative and empirical-quantitative approach to economic problems.
In other words, the
search for the application of
mathematical models to one of the most
complex subjects--
human behavior and
social ills.
We will save the world not though
God, but through
Mathematics, as they are
one and the same.