Philosophy of Science 85 (5):1140-1151 (2018)

Robert Northcott
Birkbeck, University of London
Much philosophical attention has been devoted to whether economic models explain, and more generally to how scientific models represent. Yet there is an issue more practically important to economics than either of these, which I label the efficiency question: regardless of how exactly models represent, or of whether their role is explanatory or something else, is current modeling practice an efficient way to achieve these goals – or should research efforts be redirected? In addition to showing how the efficiency question has been relatively neglected, I give two examples of the kind of analysis it requires.
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DOI 10.1086/699688
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References found in this work BETA

Modelling and Representing: An Artefactual Approach to Model-Based Representation.Tarja Knuuttila - 2011 - Studies in History and Philosophy of Science Part A 42 (2):262-271.

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Back to the Big Picture.Anna Alexandrova, Robert Northcott & Jack Wright - 2021 - Journal of Economic Methodology 28 (1):54-59.

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