Models and Modelling in Economics

Philosophy of Economics

Volumn , Issue , 2012, Pages 49-87

  Morgan, Mary S ^a   Knuuttila, Tarja ^b  

^a LONDON SCHOOL OF ECONOMICS   (United Kingdom)

^b UNIVERSITY OF HELSINKI   (Finland)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 84882461056     PISSN: None     EISSN: None     Source Type: Book    
DOI: 10.1016/B978-0-444-51676-3.50003-8     Document Type: Chapter

References (145)

1. J. Aldrich (1994) Haavelmo's identification theory. Econometric Theory 10 198-219.
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. R.E. Backhouse (2006) Representation in economics. M. Boumans (Eds) Measurement in Economics: A Handbook Elsevier: London 35-52.
4. D.M. Bailer-Jones (1999) Tracing the development of models in the philosophy of science. Lorenzo Magnani, Nancy J. Nersessian, Paul Thagard (Eds) Model-Based Reasoning in Scientific Discovery New York: Kluwer 23-40.
5. D.M. Bailer-Jones (2003) When scientific models represent. International Studies in the Philosophy of Science 17 59-74.
6. D.M. Bailer-Jones (2009) Scientific Models in Philosophy of Science Pittsburgh: University of Pittsburgh Press
7. M. Black (1962) Models and Metaphors Ithaca: Cornell University Press
8. L. Boltzmann (1911) Models. Encyclopaedia Britannica 11th ed Cambridge: Cambridge University Press 638-640.
9. M. Boumans (1993) Paul Ehrenfest and Jan Tinbergen: A case of limited physics transfer. N. De Marchi (Eds) Non-natural Social Science: Reflecting on the Enterprise of More Heat than Light Durham: Duke University Press
10. M. Boumans (1997) Lucas and artificial worlds. John B. Davis (Eds) New Economics and its History Duke University Press: Durham 63-88.
11. M. Boumans (1999) Built-in justification. Mary S. Morgan, Margaret Morrison (Eds) Models as Mediators Cambridge: Cambridge University Press 66-96.
12. M. Boumans (2003) How to design Galileo fall experiments in economics. Philosophy of Science 70(2), 308-329.
13. M. Boumans (2005) How Economists Model the World to Numbers London: Routledge
14. M. Boumans (2006) The difference between answering a ‘Why’-question and answering a ‘How Much’-question. Johannes Lenhard, G¨nther Küppers, Terry Shinn (Eds) Simulation: Pragmatic Constructions of Reality, Sociology of the Sciences Yearbook Springer: New York 107-124.
15. M. Boumans (Eds) (2007) Measurement in Economics: A Handbook London: Elsevier
16. M. Boumans. Measurement in economics. This volume.
17. M. Boumans and M.S. Morgan (2001) Ceteris paribus conditions: materiality and the application of economic theories. Journal of Economic Methodology 8(1), 11-26.
18. M. Brodbeck (1959) Models, meaning and theories. N. Brodbeck (Eds) Readings in the Philosophy of the Social Sciences New York: Macmillan 579-601. 1968/
19. N. Cartwright (1989) Nature's capacities and their measurement Oxford: Clarendon Press
20. N. Cartwright (1998) Capacities. John B. Davis, D. Wade Hands, Uskali Mäki (Eds) The Handbook of Economic Methodology Edgar Elgar: Cheltenham
21. N. Cartwright (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, (Published also in P. Fontaine and R. Leonard, eds., The Experiment in the History of Economics. Routledge, 2005.)
22. N. Cartwright (2002) The limits of causal order, from economics to physics. U. Mäki (Eds) Fact and Fiction in Economics 137-151.
23. N. Cartwright (2006) Hunting Causes and Using Them: Approaches in Philosophy and Economics Cambridge: Cambridge University Press
24. H.-K. Chao (2007) Structure. Measurement in Economics: A Handbook London: Elsevier 271-294.
25. H.-K. Chao (2009) Representation and Structure: The Methodology of Econometric Models of the Consumption Function London: Routledge
26. D. Colander (2008-12) Economists, incentives, judgment, and empirical work http://www.economics-ejournals.org/economics/discussionpapers/2008-12 Economics Discussion Papers
27. S. Cook and D. Hendry (1994) The theory of reduction in economics. B. Hamminga, N. De Marchi (Eds) Idealization in economics Amsterdam: Rodopi 71-100.
28. A. Creager, M.N. Wise and E. Lunbeck (2007) Science Without Laws: Model Systems, Cases, Exemplary Narratives Duke University Press
29. W. Darity and W. Young (1995) IS-LM: an inquest. History of Political Economy 27 1-41.
30. M. De Vroey and K.D. Hoover (2004) The IS-LM Model: Its Rise, Fall, and Strange Persistence Duke University Press
31. C. Elgin (2004) True enough. Philosophical Issues 14 113-131.
32. D. Fennell (2007) Why functional form matters: revealing the structure in structural models in econometrics. Philosophy of Science — Proceedings of the 2006 Biennial Meeting of the Philosophy of Science Association 74(5), 1033-1045. December 2007
33. R.W. Fogel (1970) Railroads and American Economic Growth: Essays in Econometric History Baltimore: Johns Hopkins Press
34. S. French and J. Ladyman (1999) Reinflating the semantic approach. International Studies in the Philosophy of Science 13 103-121.
35. M. Friedman (1953) Essays in Positive Economics Chicago: University of Chicago Press
36. R. Frigg (2006) Scientific representation and the semantic view of theories. Theoria 55 49-65.
37. R. Frigg (2010) Models and fiction. Synthese 172(2), 251-268.
38. A. Gibbard and H.R. Varian (1978) Economic models. The Journal of Philosophy 75(11), 664-677.
39. R.N. Giere (1988) Explaining Science: A Cognitive Approach Chicago and London: The University of Chicago Press
40. R.N. Giere (2004) How models are used to represent reality. Philosophy of Science 71 742-752.
41. R.N. Giere (2010) An agent-based conception of models and scientific representation. Synthese 172 269-281.
42. S. Gordon (1991) The History and Philosophy of Social Science New York: Routledge
43. T. Grüne-Yanoff and P. Schweinzer (2008) The role of stories in applying game theory. Journal of Economic Methodology 15 131-146.
44. T. Haavelmo (1944) The probability approach in econometrics. Econometrica iii-iv 1-115. 12(Supplement)
45. B. Hamminga and N. De Marchi (Eds) (1994) Idealization in Economics Amsterdam: Rodopi
46. D.M. Hausman (1984) The Philosophy of Economics: An Anthology Cambridge: Cambridge University Press
47. D.M. Hausman (1990) Supply and demand explanations and their ceteris paribus clauses. Review of Political Economy 2(2), 168-187.
48. D.M. Hausman (1992) The Inexact and Separate Science of Economics Cambridge: Cambridge University Press
49. J. Heckman (2000) Causal parameters and policy analysis in economics: A twentieth century retrospective. Quarterly Journal of Economics 115(1), 45-97.
50. F.A. Hindriks (2005) Unobservability, Tractability, and the Battle of Assumptions. Journal of Economic Methodology 12 383-406.
51. F.A. Hindriks (2006) Tractability assumptions and the Musgrave-Mäki-typology. Journal of Economic Methodology 13 401-423.
52. A. Hirsch and N. de Marchi (1990) Milton Friedman: Economics in Theory and Practice New York: Harvester Wheatsheaf
53. K.D. Hoover (1991) Scientific research program or tribe? A joint appraisal of Lakatos and the new classical macroeconomics. M. Blaug, N. De Marchi (Eds) Appraising Economic Theories: Studies in the Application of the Methodology of Research Programs Aldershot: Edward Elgar 364-394.
54. K.D. Hoover (1994) Six queries about idealization in an empirical context. B. Hamminga, N. De Marchi (Eds) Idealization in economics Amsterdam: Rodopi 43-54.
55. K.D. Hoover (1994) Econometrics as observation: the Lucas critique, causality and the nature of econometric inference. Journal of Economic Methodology 1(1), 65-80. (Reprinted in Daniel M. Hausman ed., The Philosophy of Economics, 3rd ed, CUP, 2008.)
56. K.D. Hoover (1995) Facts and artifacts: calibration and the empirical assessment of real-business-cycle models. Oxford Economic Papers 47(1), 24-44.
57. K.D. Hoover (2000) Models all the way down. R.E. Backhouse, A. Salanti (Eds) Macroeconomics and the Real World, Vol 1: Econometric Techniques and Macroeconomics Oxford University Press 219-224.
58. K.D. Hoover (2001) Causality in Macroeconomics Cambridge University Press
59. K.D. Hoover (2002) Econometrics and reality. U. Mäki (Eds) Fact and Fiction in Economics Cambridge University Press 152-177.
60. K.D. Hoover (2008) Causality in economics and econometrics. S. Durlaf (Eds) The New Palgrave Dictionary of Economics Palgrave Macmillan
61. K.D. Hoover (2008) Idealizing reduction: the microfoundations of macroeconomics Duke University Working paper
62. K. D. Hoover. Economic theory and causal inference. This volume.
63. T.M. Humphrey (1996) The early history of the box diagram. Federal Reserve Board of Richmond. Economic Review 82(1), 37-75.
64. P. Humphreys (2004) Extending Ourselves. Computational Science, Empiricism and Scientific Method Oxford: Oxford University Press
65. J.M. Keynes (1936) The General Theory of Employment, Interest and Money London: Macmillan (reprinted 2007)
66. A. Kirman (1992) Whom or what does the representative individual represent? Journal of Economic Perspectives 6(2), 117-136.
67. F.H. Knight (1921) Risk, Uncertainty and Profit Boston: Houghton Mifflin
68. T. Knuuttila (2005) Models, representation, and nediation. Philosophy of Science 72 1260-1271.
69. T. Knuuttila (2006) From representation to production: parsers and parsing in language technology. Johannes Lenhard, G. Küppers, Terry Shinn (Eds) Simulation: Pragmatic Constructions of Reality. Sociology of the Sciences Yearbook Springer: New York 41-55.
70. T. Knuuttila (2008) Representation, idealization, and fiction in economics: from the assumptions issue to the epistemology of modelling. Mauricio Suárez (Eds) Fictions in Science: Philosophical Essays on Modeling and Idealization Routledge: New York & London 205-231.
71. T. Knuuttila (2009) Isolating representations vs. credible constructions? Economic modelling in theory and pactice. Erkenntnis 70 59-80.
72. T. Knuuttila (2009) Some consequences of the pragmatic approach to representation. M. Dorato, M. Rèdei, M. Suárez (Eds) EPSA Launch of the European Philosophy of Science Association Springer: Dordrecht 139-148. Vol I: Epistemology and Methodology of Science
73. T. Knuuttila and A. Voutilainen (2003) A parser as an epistemic artefact: a material view on models. Philosophy of Science 70 1484-1495.
74. T. Koopmans (1957) Three Essays on The State of Economic Science New York: McGraw Hill
75. P. Krugman (1993) How I work. The American Economist 37(2), 25-31.
76. J. Kuorikoski, A. Lehtinen, and C. Marchionni. Economics as robustness analysis. The British Journal for the Philosophy of Science, forthcoming.
77. A. Leijonhufvud (1968) On Keynesian Economics and the Economics of Keynes. A Study in Monetary Theory New York: Oxford University Press
78. R. Levins (1996) The strategy of model-building in population biology. American Scientist 54 421-431.
79. R.E. Lucas (1980) Methods and problems in business cycle theory. Journal of Money, Credit and Banking 12 696-715.
80. F. Machlup (1967) Theories of the firm: marginalist, behavioral, managerial. American Economic Review LVII 1-33.
81. F. Machlup (1978) Methodology of Economics and Other Social Sciences New York: Academic Press
82. D. MacKenzie (2006) An Engine, Not a Camera MIT Press
83. J. Magnus and M.S. Morgan (1999) Methodology and Tacit Knowledge: Two Experiments in Econometrics Wiley
84. U. Mäki (1992) On the method of isolation in economics. Craig Dilworth (Eds) Idealization IV: Intelligibility in Science Rodopi: Amsterdam 317-351.
85. U. Mäki (1994) Reorienting the assumptions issue. Roger Backhouse (Eds) New Directions in Economic Methodology Routledge: London 236-256.
86. U. Mäki (2000) Kinds of assumptions and their truth: shaking an untwisted F-twist, Kyklos 53 - Fasc 3 317-336.
87. U. Mäki (Eds) (2002) Fact and Fiction in Economics Cambridge: Cambridge University Press
88. 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.
89. U. Mäki (2005) Models are experiments, experiments are models. Journal of Economic Methodology 12 303-315.
90. U. Mäki (2006) Remarks on models and their truth. Storia del Pensiero Economico 3 7-19.
91. U. Mäki (2009) Realistic realism about unrealistic models. H. Kincaid, D. Ross (Eds) Oxford Handbook of the Philosophy of Economics Oxford: Oxford University Press 68-98. To appear in
92. U. Mäki (2009) Missing the world: models as isolations and credible surrogate systems. Erkenntnis 70 29-43.
93. U. Mäki (2009) The Methodology of Positive Economics. Milton Friedman's Essay Fifty Years Later Cambridge University Press
94. U. Mäki (2011) Models and the locus of their truth. Synthese 470063 180.
95. U. Mäki. Realist and antirealist philosophies of economics, this volume.
96. A.W. Marshall (1890/1930) Principles of Economics (8th edition) London: Macmillan
97. D.N. McCloskey (1990) If You're So Smart. The Narrative of Economic Expertise Chicago: The University of Chicago Press
98. E. McMullin (1985) Galilean idealization. Studies in History and Philosophy of Science 16(3), 247-273.
99. J.S. Mill (1943) A System of Logic London: Longman, Green, & co
100. P. Mirowski (1994) Natural Images in Economic Thought: Markets Read in Tooth and Claw Cambridge University Press
101. M.S. Morgan (1990) The History of Econometric Ideas Cambridge: Cambridge University Press
102. M.S. Morgan (1996) Idealization and modelling (a review essay). Journal of Economic Methodology 3(1), 131. 8
103. M.S. Morgan (1997) The technology of analogical models: Irving Fisher's monetary worlds. Philosophy of Science 64 S304-314.
104. M.S. Morgan (1999) Learning from models. M.S. Morgan, M. Morrison (Eds) Models as Mediators: Perspectives on Natural and Social Science Cambridge: Cambridge University Press 347-388.
105. M.S. Morgan (2001) Models, stories and the economic world. Journal of Economic Methodology 8(3), 361-384. (Also in [Mäki, 2002, pp 178-201].)
106. M.S. Morgan (2002) Model experiments and models in experiments. L. Magnani, N. Nersessian (Eds) Model-Based Reasoning: Science, Technology, Values Kluwer Academic/Plenum Press 41-58.
107. M.S. Morgan (2003) Experiments without material intervention: model experiments, virtual experiments and virtually experiments. H. Radde (Eds) The Philosophy of Scientific Experimentation University of Pittsburgh Press 216-235.
108. M.S. Morgan (2004) Simulation: the birth of a technology to create evidence in economics. Revue d'Histoire des Sciences 57(2), 341-377.
109. M.S. Morgan (2004) Imagination and imaging in economic model-building. Philosophy of Science 71(5), 753-766.
110. M.S. Morgan (2005) Experiments versus models: new phenomena, inference and surprise. Journal of Economic Methodology 12(2), 317-329.
111. M.S. Morgan (2006) Economic man as model man: ideal types, idealization and caricatures. Journal of the History of Economic Thought 28(1), 1-27.
112. M.S. Morgan (2007) The curious case of the prisoner's dilemma: model situation? A. Creager, M. Norton Wise, E. Lunbeck (Eds) Science Without Laws: Model Systems, Cases, Exemplary Narratives Duke University Press 157-185. Exemplary narrative?
113. M. S. Morgan. The World in the Model. Cambridge University Press, forthcoming.
114. M.S. Morgan and M. Boumans (2004) Secrets hidden by two dimensionality: the economy as a hydraulic machine. S. de Chadarevian, N. Hopwood (Eds) Models: The Third Dimension of Science Stanford University Press 369-401.
115. M.S. Morgan and M. Morrison (Eds) (1999) Models as Mediators: Perspectives on Natural and Social Science Cambridge: Cambridge University Press
116. M. Morrison and M.S. Morgan (1999) Models as mediating instruments. M.S. Morgan, M. Morrison (Eds) Models as Mediators: Perspectives on Natural and Social Science Cambridge: Cambridge University Press 10-37.
117. A. Musgrave (1981) ‘Unreal assumptions’ in economic theory: the F-Twist untwisted. Kyklos 34 377-387.
118. A. Nordmann (1998) Everything could be different: the Principles of Mechanics and the limits of physics. D. Baird, R.I.G. Hughes, Alfred Nordmann (Eds) Heinrich-Hertz: Classical Physicist, Modern Philosopher Kluwer: Dordrecht 155-171.
119. L. Nowak (1992) The idealizational approach to science: a survey. J. Brezinski, L. Nowak (Eds) Idealization III: Approximation and Truth Rodopi: Amsterdam & Atlanta, GA 9-63. Vol. 25 of Poznán Studies in the Philosophy of Sciences and Humanities
120. L. Nowak (1994) The idealization methodology and econometrics. B. Hamminga, N. De Marchi (Eds) Idealization in Economics Amsterdam: Rodopi
121. D. Qin (1993) The Formation of Econometrics Oxford: Clarendon Press
122. S. Rappaport (1998) Models and Reality in Economics Cheltenham: Edward Elgar
123. J. Reiss (2008) Error in Economics: Towards a More Evidence-Based Methodology London: Routledge
124. P. Samuelson (1958) An exact consumption-loan model of interest with or without the social contrivance of money. Journal of Political Economy 66 467-482.
125. M. Schabas (2008) Hume's monetary thought experiments. Studies In History and Philosophy of Science 39(2), 161-169. A
126. T. Schelling (2006) Strategies of Commitment and Other Essays Harvard: Harvard University Press
127. A. Spanos. The ‘Pre-Eminence of Theory’ versus the ‘General-to-Specific’ cointegrated VAR perspectives in macro-econometric modelling economics. Discussion Papers, 2008-25: http://www.economics-ejournals.org/economics/discussionpapers/2008-25.
128. A. Spanos. Philosophy of econometrics. This volume.
129. M. Strevens (2008) Depth: An Account of Scientific Explanation Harvard: Harvard University Press
130. M. Suárez (2003) Scientific representation: against similarity and isomorphism. International Studies in the Philosophy of Science 17 225-244.
131. M. Suárez (2004) An inferential conception of scientific representation. Philosophy of Science (Symposia) 71 767-779.
132. M. Suárez (2008) Scientific fictions as rules of inference. Mauricio Suárez (Eds) Fictions in Science: Philosophical Essays on Modeling and Idealization New York & London: Routledge 158-179.
133. M. Suárez (Eds) (2008) Fictions in Science: Philosophical Essays on Modeling and Idealization New York & London: Routledge
134. M. Suárez (2010) Scientific representation. Blackwell's Philosophy Compass 5 91-101.
135. R. Sugden (2002) Credible worlds: the status of the theoretical models in economics. Uskali Mäki (Eds) Fact and Fiction in Economics: Models, Realism, and Social Construction Cambridge University Press: Cambridge 107-136.
136. R. Sugden (2009) Credible worlds, capacities, and mechanisms. Erkenntnis 70 3-27.
137. J. Sutton (2000) Marshall's Tendencies. What Can Economists Know? Cambridge, Mass: MIT Press, University of Leuven Gaston Eyskens Lecture
138. J. Tinbergen (1940) Econometric business cycle research. Review of Economic Studies 7 73-90.
139. B. van Fraassen (1980) The Scientific Image Oxford: Oxford University Press
140. K.F. Wallis (1984) Models of the U.K. Economy: A review of the ESRC Macroeconomic Modelling Bureau Oxford University Press
141. B. Walliser (1994) Three generalizations processes for economic models. B. Hamminga, N. De Marchi (Eds) Idealization in Economics Amsterdam: Rodopi 55-70.
142. M. Weber (1904) Objectivity' in social science and social policy. E.A. Schils, Henry A. Finch (Eds) The Methodology of the Social Sciences Free Press: New York trans.
143. M. Weisberg (2006) Robustness analysis. Philosophy of Science 73 730-742.
144. M. Weisberg (2007) Three kinds of idealization. The Journal of Philosophy 104(12), 639-659.
145. W.C. Wimsatt (1987) False models as means for truer theories. Matthew H. Nitecki, Antoni Hoffman (Eds) Neutral Models in Biology New York: Oxford University Press 23-55.