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The diversity of models as a means to better explanations in economics

Aydinonat, N. Emrah (2018) The diversity of models as a means to better explanations in economics. Journal of Economic Methodology, 25 (3). pp. 237-251.

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Abstract

In Economics Rules, Rodrik [(2015). Economics rules: Why economics works, when it fails, and how to tell the difference. Oxford: Oxford University Press] argues that what makes economics powerful despite the limitations of each and every model is its diversity of models. Rodrik suggests that the diversity of models in economics improves its explanatory capacities, but he does not fully explain how. I offer a clearer picture of how models relate to explanations of particular economic facts or events, and suggest that the diversity of models is a means to better economic explanations.


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Item Type: Published Article or Volume
Creators:
CreatorsEmailORCID
Aydinonat, N. Emrahaydinonat@gmail.com0000-0001-6633-4044
Keywords: Theoretical models, explanation, diversity of models, how-possibly reasoning, functions of models
Subjects: Specific Sciences > Mathematics > Explanation
Specific Sciences > Economics
General Issues > Models and Idealization
Depositing User: Dr. N. Emrah Aydinonat
Date Deposited: 23 Nov 2020 19:46
Last Modified: 23 Nov 2020 19:46
Item ID: 18422
Journal or Publication Title: Journal of Economic Methodology
Publisher: Taylor and Francis
Official URL: https://doi.org/10.1080/1350178X.2018.1488478
DOI or Unique Handle: https://doi.org/10.1080/1350178X.2018.1488478
Subjects: Specific Sciences > Mathematics > Explanation
Specific Sciences > Economics
General Issues > Models and Idealization
Date: 2018
Page Range: pp. 237-251
Volume: 25
Number: 3
URI: https://philsci-archive-dev.library.pitt.edu/id/eprint/18422

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