Journal of Economic Methodology 8 (3):361-384 (2001)

Mary Morgan
London School of Economics
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

How the Laws of Physics Lie.Nancy Cartwright - 1983 - Oxford, England: Oxford University Press.
Explaining Science: A Cognitive Approach.Jeffrey S. Poland - 1988 - Philosophical Review 100 (4):653-656.
Models and Representation.Richard Hughes - 1997 - Philosophy of Science 64 (4):336.
On the Method of Isolation in Economics.Uskali Mäki - 1992 - Poznan Studies in the Philosophy of the Sciences and the Humanities 26:19-54.

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Citations of this work BETA

Models and Fiction.Roman Frigg - 2010 - Synthese 172 (2):251-268.
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.
Experiments Versus Models: New Phenomena, Inference and Surprise.Mary S. Morgan - 2005 - Journal of Economic Methodology 12 (2):317-329.

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