Serendipity at its best

With reference to A V Rajwade’s column, “The maths-economics duel” (November 10), as mathematics is an exact science with well-defined conditionalities, constraints and has universal applications, its usage amid imperfect conditions in economics could be questioned.

Economics is mostly about people making choices under given conditions. A choice derived from pure scientific methods is unexciting, has predictable outcomes and suffers from bounded rationality. An art-based choice employing creativity, inspiration,