Paradox postponed

Journal of Economic Methodology 20 (3):250 - 254 (2013)
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Abstract

This comment argues that there is an explanation paradox in economics, as Julian Reiss maintains, only if models in economics succeed in explaining even though they are not approximately true, fail to identify the causes of what they purport to explain, and misdescribe the mechanism by which the causes lead to the effects to be explained. Reiss provides no reason to believe that models that do not describe the causes and mechanisms at work are nevertheless explanatory

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Daniel Hausman
University of Wisconsin, Madison

References found in this work

Models and the locus of their truth.Uskali Mäki - 2011 - Synthese 180 (1):47 - 63.
The Vanity of Rigour in Economics: Theoretical Models and Galilean Experiments.Nancy Cartwright - 1999 - Lse, Centre for the Philosophy of the Natural and Social Sciences.

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