The explanation paradox

Journal of Economic Methodology 19 (1):43-62 (2012)
This paper examines mathematical models in economics and observes that three mutually inconsistent hypotheses concerning models and explanation are widely held: (1) economic models are false; (2) economic models are nevertheless explanatory; and (3) only true accounts explain. Commentators have typically resolved the paradox by rejecting either one of these hypotheses. I will argue that none of the proposed resolutions work and conclude that therefore the paradox is genuine and likely to stay
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DOI 10.1080/1350178X.2012.661069
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Julian Reiss (2013). The Explanation Paradox Redux. Journal of Economic Methodology 20 (3):280 - 292.
Robert Sugden (2013). How Fictional Accounts Can Explain. Journal of Economic Methodology 20 (3):237 - 243.

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Steven Rappaport (1995). Economic Models and Historical Explanation. Philosophy of the Social Sciences 25 (4):421-441.
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