Journal of Economic Methodology 8 (3):361-384 (2001)
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Abstract |
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.
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DOI | 10.1080/13501780110078972 |
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References found in this work BETA
Explaining Science: A Cognitive Approach.Jeffrey S. Poland - 1988 - Philosophical Review 100 (4):653-656.
On the Method of Isolation in Economics.Uskali Mäki - 1992 - Poznan Studies in the Philosophy of the Sciences and the Humanities 26:19-54.
Explaining Science: A Cognitive Approach by Ronald N. Giere. [REVIEW]Philip Kitcher - 1991 - Journal of Philosophy 88 (3):163-167.
View all 9 references / Add more references
Citations of this work BETA
Models and Representation.Roman Frigg & James Nguyen - 2017 - In Lorenzo Magnani & Tommaso Bertolotti (eds.), Springer Handbook of Model-Based Science. pp. 49-102.
Credible Worlds: The Status of Theoretical Models in Economics.Robert Sugden - 2000 - Journal of Economic Methodology 7 (1):1-31.
If No Capacities Then No Credible Worlds. But Can Models Reveal Capacities?Nancy Cartwright - 2009 - Erkenntnis 70 (1):45-58.
Experiments Versus Models: New Phenomena, Inference and Surprise.Mary S. Morgan - 2005 - Journal of Economic Methodology 12 (2):317-329.
View all 60 citations / Add more citations
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