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It's just a feeling: why economic models do not explain

Northcott, Robert and Alexandrova, Anna (2013) It's just a feeling: why economic models do not explain. Journal of Economic Methodology, 20 (3). pp. 262-267. ISSN 1350-178X

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Abstract

Julian Reiss (2012) poses the following trilemma:
1) Economic models are false
2) Economic models are nevertheless explanatory
3) Only true accounts explain
We discuss the trilemma’s second horn. In particular, we deny that economic models are explanatory. We begin by reiterating briefly why economic models are indeed not explanatory, then give reasons why intuitions to the contrary should be distrusted, before exploring why such mistaken intuitions might arise in the first place.


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Item Type: Published Article or Volume
Creators:
CreatorsEmailORCID
Northcott, Robertr.northcott@bbk.ac.uk
Alexandrova, Annaaa686@cam.ac.uk
Keywords: economics; theory; explanation; models
Subjects: Specific Sciences > Economics
General Issues > Explanation
General Issues > Models and Idealization
Depositing User: Dr Robert Northcott
Date Deposited: 29 Nov 2018 17:06
Last Modified: 29 Nov 2018 17:06
Item ID: 15391
Journal or Publication Title: Journal of Economic Methodology
Subjects: Specific Sciences > Economics
General Issues > Explanation
General Issues > Models and Idealization
Date: September 2013
Page Range: pp. 262-267
Volume: 20
Number: 3
ISSN: 1350-178X
URI: https://philsci-archive-dev.library.pitt.edu/id/eprint/15391

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