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

Journal of Economic Methodology 25 (3):237-251 (2018)
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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 the diversity of models is a means to better economic explanations.

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N. Emrah Aydinonat
University of Helsinki

Citations of this work

Defending De-idealization in Economic Modeling: A Case Study.Edoardo Peruzzi & Gustavo Cevolani - 2021 - Sage Publications Inc: Philosophy of the Social Sciences 52 (1-2):25-52.
Defending De-idealization in Economic Modeling: A Case Study.Edoardo Peruzzi & Gustavo Cevolani - 2022 - Philosophy of the Social Sciences 52 (1-2):25-52.

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References found in this work

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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