The Diversity of Models as a Means to Better Explanations in Economics

Research output: Contribution to journalArticleScientificpeer-review

Abstract

In Economics Rules, Dani Rodrik (2015) argues that what makes economics powerful despite the limitations of each and every model is its diversity of models. Rodrik suggests that the diversity of models in economics improves its explanatory capacities, but he does not fully explain how. I offer a clearer picture of how models relate to explanations of particular economic facts or events, and suggest that diversity of models is a means to better economic explanations.
Original languageEnglish
JournalJournal of Economic Methodology
Volume25
Issue number3
Pages (from-to)237-251
Number of pages15
ISSN1350-178X
DOIs
Publication statusPublished - 2018
MoE publication typeA1 Journal article-refereed

Fields of Science

  • 511 Economics
  • 611 Philosophy

Cite this

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title = "The Diversity of Models as a Means to Better Explanations in Economics",
abstract = "In Economics Rules, Dani Rodrik (2015) argues that what makes economics powerful despite the limitations of each and every model is its diversity of models. Rodrik suggests that the diversity of models in economics improves its explanatory capacities, but he does not fully explain how. I offer a clearer picture of how models relate to explanations of particular economic facts or events, and suggest that diversity of models is a means to better economic explanations.",
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language = "English",
volume = "25",
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publisher = "Taylor & Francis",
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}

The Diversity of Models as a Means to Better Explanations in Economics. / Aydinonat, Nuri Emrah.

In: Journal of Economic Methodology, Vol. 25, No. 3, 2018, p. 237-251.

Research output: Contribution to journalArticleScientificpeer-review

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AB - In Economics Rules, Dani Rodrik (2015) argues that what makes economics powerful despite the limitations of each and every model is its diversity of models. Rodrik suggests that the diversity of models in economics improves its explanatory capacities, but he does not fully explain how. I offer a clearer picture of how models relate to explanations of particular economic facts or events, and suggest that diversity of models is a means to better economic explanations.

KW - 511 Economics

KW - 611 Philosophy

U2 - 10.1080/1350178X.2018.1488478

DO - 10.1080/1350178X.2018.1488478

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