Morphisms and economic modeling

Abstract

Morphisms are widely used in several branches of scienti c inquiry, but not so much in economics. Nevertheless, many conceptual advan- tages in the economic modeling from using a categorical setting exist. In this paper, we discuss why morphisms could be successfully injected into economic modeling and, in particular, that allomorphisms, i.e., structure- altering maps that re-shape economic processes, can be useful for letting economics to be part of relational social science.