Journal of Economic Methodology 25 (3):218-236 (2018)

Authors
Uskali Mäki
University of Helsinki
Abstract
ABSTRACTThis is a critical discussion and proposed refinement of the inspiring account of the successes and failures of economic modelling sketched in Dani Rodrik’s Economics Rules. The refinements make use of a systematic framework of the structure of scientific modelling. The issues include distinguishing the discipline of economics from the behaviour and attitudes of economists as targets of normative assessment; nature and sources of success and failure in modelling; the key role of model commentary; model transparency; purposes and audiences of modelling; the nature of critical assumptions; negligibility, applicability, and tractability in modelling; the possibility of generally applicable models; and economics fundamentalism. The proposed refinements submit sharper formulations for some of Rodrik’s ideas and supplement others, but they also reveal tensions and relieve some – not yet all – of these.
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DOI 10.1080/1350178X.2018.1488475
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References found in this work BETA

Models Are Experiments, Experiments Are Models.Uskali Mäki - 2005 - Journal of Economic Methodology 12 (2):303-315.
Explanatory Unification: Double and Doubtful.Uskali Mäki - 2001 - Philosophy of the Social Sciences 31 (4):488-506.
Tractability Assumptions and the Musgrave–Mäki Typology.Frank A. Hindriks - 2006 - Journal of Economic Methodology 13 (4):401-423.

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Citations of this work BETA

Model Pluralism.Walter Veit - 2019 - Philosophy of the Social Sciences 50 (2):91-114.
Model Diversity and the Embarrassment of Riches.Walter Veit - 2021 - Journal of Economic Methodology 28 (3):291-303.

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