The explanation paradox

Journal of Economic Methodology 19 (1):43-62 (2012)

Abstract

This paper examines mathematical models in economics and observes that three mutually inconsistent hypotheses concerning models and explanation are widely held: (1) economic models are false; (2) economic models are nevertheless explanatory; and (3) only true accounts explain. Commentators have typically resolved the paradox by rejecting either one of these hypotheses. I will argue that none of the proposed resolutions work and conclude that therefore the paradox is genuine and likely to stay

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Citations of this work

How Could Models Possibly Provide How-Possibly Explanations?Philippe Verreault-Julien - 2019 - Studies in History and Philosophy of Science Part A 73:1-12.
Models and Explanation.Alisa Bokulich - 2017 - In Lorenzo Magnani & Tommaso Wayne Bertolotti (eds.), Springer Handbook of Model-Based Science. Springer. pp. 103-118.

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