Models, stories and the economic world

Journal of Economic Methodology 8 (3):361-384 (2001)
Stories form an integral part of models. An economic model can not be fully characterized simply by knowing its structure: the model can only be completely described when we know how it works and what it can do. This activity of manipulating a model requires a narrative device, such as a question, which sets off a story told with the model. The structure or system portrayed in the model constrains and shapes the stories that can be told, but without stories showing how the structure works, we cannot tell what might happen in specific cases. Without these narrative elements, we cannot apply model-structures directly onto the facts of the economic world, nor demonstrate outcomes about the hypothetical world represented in the model. Thus, stories are not simply devices of persuasion, but constitute an important part of the identity of a model.
Keywords No keywords specified (fix it)
Categories (categorize this paper)
DOI 10.1080/13501780110078972
 Save to my reading list
Follow the author(s)
My bibliography
Export citation
Find it on Scholar
Edit this record
Mark as duplicate
Revision history Request removal from index
Download options
PhilPapers Archive

Upload a copy of this paper     Check publisher's policy on self-archival     Papers currently archived: 15,831
External links
Setup an account with your affiliations in order to access resources via your University's proxy server
Configure custom proxy (use this if your affiliation does not provide a proxy)
Through your library
References found in this work BETA
R. I. G. Hughes (1997). Models and Representation. Philosophy of Science 64 (4):336.
Stephan Hartmann (1999). Models and Stories in Hadron Physics. In Margaret Morrison & Mary Morgan (eds.), Models as Mediators. 52--326.
Uskali Mäki (1992). On the Method of Isolation in Economics. Poznan Studies in the Philosophy of the Sciences and the Humanities 26:19-54.

View all 7 references / Add more references

Citations of this work BETA
Roman Frigg (2010). Models and Fiction. Synthese 172 (2):251 - 268.

View all 24 citations / Add more citations

Similar books and articles

Monthly downloads

Added to index


Total downloads

22 ( #130,275 of 1,724,865 )

Recent downloads (6 months)

4 ( #167,179 of 1,724,865 )

How can I increase my downloads?

My notes
Sign in to use this feature

Start a new thread
There  are no threads in this forum
Nothing in this forum yet.