Conventions of generality and mathematical elegance may be just as much barriers to the attainment and diffusion of knowledge as may contentment with particularity and literary vagueness... It may well be that the slovenly and literary borderland between economics and sociology will be the most fruitful building ground during the years to come and that mathematical economics will remain too flawless in its perfection to be very fruitful.
Partisan of both “Madras” and “Chennai” used those names to assert that the city was, from its inception, a volatile borderland , a point of contact, mixing, hybridity . For its part “Chennai” suggests the frontier of pre-modern empire , whereas “Madras” is a frontier of modern imperial expansion. Both names, however, assert that the city is a “glocality” – a global entrepot in which diverse population , exchange media , languages , and ideas were brought into intimate and enduring relationships, and, more recently, a product of and staging ground for globalizing capitalism .
Econometrics is the name for a field of science in which mathematical-economic and mathematical-statistical research are applied in combination. Econometrics, therefore, forms a borderland between two branches of science, with the advantages and disadvantages thereof; advantages, because new combinations are introduced which often open up new perspectives; disadvantages, because the work in this field requires skill in two domains, which either takes up too much time or leads to insufficient training of its students in one of the two respects.