Abstract
This 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 yetall - of these.
Original language | English |
---|---|
Journal | Journal of Economic Methodology |
Volume | 25 |
Issue number | 3 |
Pages (from-to) | 218-236 |
Number of pages | 19 |
ISSN | 1350-178X |
DOIs | |
Publication status | Published - 2018 |
MoE publication type | A1 Journal article-refereed |
Fields of Science
- 611 Philosophy
- 511 Economics