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    3. Disproving the Lagrange Mathematics in Economics: Hak Choi

    Disproving the Lagrange Mathematics in Economics: Hak Choi

    Posted By: naag
    Date: 4 Mar 2026 05:40:52
    Disproving the Lagrange Mathematics in Economics: Hak Choi

    Disproving the Lagrange Mathematics in Economics: Hak Choi
    English | February 12, 2026 | ISBN: None | 74 pages | EPUB (True) | 7.35 MB


    If the world is free, you can pursue maximum of your objective at will. But you live in a world of limited resources, so Lagrange Mathematics helps you attain the constrained maximum. This book reveals many contradictions: constrained maximum has no constraint; cost is not just negative; a higher utility level may mean a larger welfare loss; etc. Perhaps, you have misunderstood the word “free”. It does not mean free of charge, but means that you are free to hire any optimal amount of input, as long as you pay the input price (including interest cost). So there is no constraint, to hold you back from pursuing your objective. Without constraint, the whole Lagrange kingdom collapses.

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