David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Ezio Di Nucci
Jack Alan Reynolds
Learn more about PhilPapers
Philosophy of the Social Sciences 25 (4):421-441 (1995)
In investigating their models, economists do not appear to engage much in the activities many philosophers take to be essential to scientific understanding of the world, activities such as testing hypotheses and establishing laws. How, then, can economic models explain anything about the real world? Borrowing from William Dray, an explanation of what something really is, as opposed to an explanation of why something happens, is the subsumption of the explanandum under a suitable concept. One way economic models explain real-world phenomena is by providing explanations-what of such phenomena. In this way, economic models can afford explanations of the world without necessarily involving the activities philosophers take to be integral to scientific understanding of the world, for explanations-what do not necessarily involve the activities in question.
|Keywords||No keywords specified (fix it)|
|Categories||categorize this paper)|
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
No references found.
Citations of this work BETA
Steven Rappaport (1996). Abstraction and Unrealistic Assumptions in Economics∗. Journal of Economic Methodology 3 (2):215-236.
Similar books and articles
Carl F. Craver (2006). When Mechanistic Models Explain. Synthese 153 (3):355-376.
Mary S. Morgan (2005). Experiments Versus Models: New Phenomena, Inference and Surprise. Journal of Economic Methodology 12 (2):317-329.
Keith R. Sawyer (2004). Social Explanation and Computational Simulation. Philosophical Explorations 7 (3):219 – 231.
Steven Rappaport (1986). The Modal View and Defending Microeconomics. PSA: Proceedings of the Biennial Meeting of the Philosophy of Science Association 1986:289 - 297.
Caterina Marchionni (2006). Contrastive Explanation and Unrealistic Models: The Case of the New Economic Geography. Journal of Economic Methodology 13 (4):425-446.
Anna Alexandrova (2006). Connecting Economic Models to the Real World: Game Theory and the Fcc Spectrum Auctions. Philosophy of the Social Sciences 36 (2):173-192.
Till Grüne-Yanoff (2009). Learning From Minimal Economic Models. Erkenntnis 70 (1):81 - 99.
Steven Rappaport (2001). Economic Models as Mini-Theories. Journal of Economic Methodology 8 (2):275-285.
Julian Reiss (2012). The Explanation Paradox. Journal of Economic Methodology 19 (1):43-62.
Added to index2009-01-28
Total downloads25 ( #153,162 of 1,796,258 )
Recent downloads (6 months)1 ( #468,795 of 1,796,258 )
How can I increase my downloads?