Isolating representations versus credible constructions? Economic modelling in theory and practice

Erkenntnis

Volumn 70, Issue 1, 2009, Pages 59-80

  Knuuttila, Tarja ^a  

^a UNIVERSITY OF HELSINKI   (Finland)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 58949088292     PISSN: 01650106     EISSN: 15728420     Source Type: Journal    
DOI: 10.1007/s10670-008-9137-7     Document Type: Article

References (64)

1. GA Akerlof 1970 The market for "Lemons": Quality uncertainty and the market mechanism Quarterly Journal of Economics 84 488 500
2. A Alexandrova 2006 Connecting economic models to the real world: Game theory and the FCC spectrum auctions Philosophy of the Social Sciences 36 173 192
3. D Bailer-Jones 2003 When scientific models represent International Studies in the Philosophy of Science 17 59 74
4. Boumans, M. (1999). Built-in justification. In M. S. Morgan & M. Morrison (Eds.), Models as mediators. Perspectives on natural and social science (pp. 66-96). Cambridge: Cambridge University Press.
5. M Boumans MS Morgan 2001 Ceteris paribus conditions: Materiality and the application of economic theories Journal of Economic Methodology 8 11 26
6. WC Brainard J Tobin 1968 Pitfalls in financial model building American Economic Review 58 99 122
7. Caldwell, B. J. (1982). Beyond positivism: Economic methodology in the twentieth century. London: Allen & Unwin.
8. Cartwright, N. (1989). Nature's capacities and their measurement. Oxford: Clarendon Press.
9. Cartwright, N. (1998). Capacities. In J. B. Davis, D. W. Hands, & U. Mäki (Eds.), The handbook of economic methodology (pp. 45-48). Cheltenham: Edgar Elgar.
10. Cartwright, N. (1999). The vanity of rigour in economics: Theoretical models and Galilean experiments. Centre for Philosophy of Natural and Social Science. Discussion paper series 43/99.
11. Cartwright, N. (2009). If no capacities then no credible worlds. But can models reveal capacities? Erkenntnis, this issue. doi: 10.1007/s10670-008-9136- 8.
12. Clark, J. M. (1960). The wage-price problem. New York: American Bankers Association.
13. Claus, I., & Grimes, A. (2003). Asymmetric information, financial intermediation, and the monetary transmission mechanism: A critical review. New Zealand Treasury Working Paper 03/19. Wellington.
14. JM Culbertson 1960 Friedman on the lag in effect of monetary policy Journal of Political Economy 68 617 621
15. de Donato Rodríguez, X., & Zamora Bonilla, J. (2009). Credibility, idealisation, and model building: An inferential approach. Erkenntnis, this issue. doi: 10.1007/s10670-008-9139-5.
16. Hammond, D. J. (1996). Theory and measurement: Causality issues in Milton Friedman's monetary economics. Cambridge: Cambridge University Press.
17. S French 2003 A model-theoretic account of representation (or, I don't know much about art-but I know it involves isomorphism) Philosophy of Science 70 1472 1483
18. Friedman, M. (1953). Essays in positive economics. Chicago: Chicago University Press.
19. M Friedman 1961 The lag in the effect of monetary policy Journal of Political Economy LXIX 447 466
20. M Friedman 1970 Comment on Tobin The Quarterly Journal of Economics 84 318 327
21. M Friedman AJ Schwartz 1963 Money and business cycles Review of Economics and Statistics Supplement 32 64
22. Friedman, M., & Schwartz, A. J. (1963b). Monetary history of the United States, 1867-1960. Princeton: Princeton University Press for the National Bureau of Economic Research.
23. Frigg, R. (2003). Re-presenting scientific representation. Dissertation, London School of Economics.
24. R Frigg 2006 Scientific representation and the semantic view of theories Theoria 55 49 65
25. Gelfert, A. (in press). Rigorous results, cross-model justification, and the transfer of empirical warrant: The case of many-body models in physics. Synthese. doi: 10.1007/s11229-008-9431-6
26. RN Giere 2004 How models are used to represent reality Philosophy of Science 71 742 752
27. P Godfrey-Smith 2006 The strategy of model-based science Biology and Philosophy 21 725 740
28. Grüne-Yanoff, T. (2009). Learning from minimal economic models. Erkenntnis, this issue. doi: 10.1007/s10670-008-9138-6.
29. Hausman, D. (1992). The inexact and separate science of economics. Cambridge: Cambridge University Press.
30. K Hoover 2004 Lost causes Journal of the History of Economic Thought 26 149 164
31. Humphreys, P. (2004). Extending ourselves. Computational science, empiricism and scientific method. Oxford: Oxford University Press.
32. Ireland, P. N. (2003). Endogeneous money or sticky prices. Journal of Monetary Economics, 1623-1648.
33. Kareken, J., & Solow, R. M. (1963). Lags in monetary policy. In Stabilization policies, commission on money and credit. Englewood Cliffs, NJ: Prentice-Hall.
34. T Knuuttila 2005 Models, representation, and mediation Philosophy of Science 72 1260 1271
35. Knuuttila, T. (2006). From representation to production: Parsers and parsing in language technology. In J. Lenhard, G. Küppers, & T. Shinn (Eds.), Simulation: Pragmatic constructions of reality. Sociology of the sciences yearbook (pp. 41-55). New York: Springer.
36. Knuuttila, T. (2008). Representation, idealization, and fiction in economics: From the assumptions issue to the epistemology of modelling. In M. Suárez (Ed.), Fictions in science: Philosophical essays on modeling and idealization (pp. 205-231). New York: Routledge.
37. Kuorikoski, J., & Lehtinen, A. (2009). Incredible worlds, credible results. Erkenntnis, this issue. doi: 10.1007/s10670-008-9140-z.
38. Kuorikoski, J., Lehtinen, A., & Marchionni, C. (2007). Economics as robustness analysis. Paper presented at the Models and Simulations 2 conference, Tilburg, NL, http://philsci-archive.pitt.edu/archive/00003550/.
39. RE Lucas Jr 1980 Methods and problems in business cycle theory Journal of Money, Credit and Banking 12 4 696 715
40. Lucas, R. E., Jr. (1981). Studies in business-cycle theory. Cambridge, MA: The MIT Press.
41. Lynch, M. (1990). The externalized retina: Selection and mathematization in the visual documentation of objects in life sciences. In M. Lynch & S. Woolgar (Eds.), Representation in scientific practice (pp. 153-186). Cambridge, MA: MIT Press.
42. Mäki, U. (1990). Studies in realism and explanation in economics. Helsinki: Suomalainen tiedeakatemia.
43. U Mäki 1992 On the method of isolation in economics Poznań Studies in the Philosophy of Science and Humanities 26 316 351
44. Mäki, U. (1994). Reorienting the assumptions issue. In R. Backhouse (Ed.), New directions in economic methodology (pp. 236-256). London: Routledge.
45. U Mäki 2004 Realism and the nature of theory: A lesson from J.H. von Thünen for economists and geographers Environment and Planning A 36 1719 1736
46. U Mäki 2005 Models are experiments, experiments are models Journal of Economic Methodology 12 303 315
47. Mäki, U. (2009a). Realistic realism about unrealistic models. In H. Kincaid & D. Ross (Eds.), Oxford handbook of the philosophy of economics. Oxford: Oxford University Press.
48. Mäki, U. (2009b). MISSing the world. Models as isolations and credible surrogate systems. Erkenntnis, this issue. doi: 10.1007/s10670-008- 9135-9.
49. Morgan, M. S. (2003). Experiments without material intervention: Model experiments, virtual experiments, and virtually experiments. In H. Radder (Ed.), Philosophy of scientific experimentation (pp. 216-235). Pittsburgh: University of Pittsburgh Press.
50. MS Morgan 2005 Experiments versus models: New phenomena, inference and surprise Journal of Economic Methodology 12 317 329
51. Morrison, M. (1999). Models as autonomous agents. In M. S. Morgan & M. Morrison (Eds.), Models as mediators. Perspectives on natural and social science (pp. 38-65). Cambridge: Cambridge University Press.
52. Morrison, M., & Morgan, M. S. (1999). Models as mediating instruments. In M. S. Morgan & M. Morrison (Eds.), Models as mediators. Perspectives on natural and social science (pp. 10-37). Cambridge: Cambridge University Press.
53. Schelling, T. C. (1978). Micromotives and macrobehavior. New York: Norton.
54. CA Sims 1992 Interpreting the macroeconomic time series facts: The effects of monetary policy European Economic Review 36 975 1011
55. RM Solow 1997 How did economics get that way and what way did it get? Daedalus 126 39 58
56. M Suárez 2003 Scientific representation: Against similarity and isomorphism International Studies in the Philosophy of Science 17 225 244
57. M Suárez 2004 An inferential conception of scientific representation Philosophy of Science (Symposia) 71 767 779
58. Sugden, R. (2002). Credible worlds: The status of the theoretical models in economics. In U. Mäki (Ed.), Fact and fiction in economics: Models, realism, and social construction (pp. 107-136). Cambridge: Cambridge University Press.
59. Sugden, R. (2009). Credible worlds, capacities and mechanisms. Erkenntnis, this issue. doi: 10.1007/s10670-008-9134.
60. J Tobin 1970 Money and income: Post hoc ergo propter hoc? The Quarterly Journal of Economics 84 301 317
61. J Tobin 1970 Rejoinder The Quarterly Journal of Economics 84 328 329
62. van Fraassen, B. (1980). The scientific image. Oxford: Oxford University Press.
63. M Weisberg 2007 Who is a modeler British Journal for the Philosophy of Science 58 207 233
64. M Weisberg 2007 Three kinds of idealization The Journal of Philosophy 12 639 659