Economic models and methodology

Bibliographic Information

Economic models and methodology

Randall G. Holcombe

(Contributions in economics and economic history, no. 99)

Greenwood Press, 1989

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Note

Bibliography: p. [189]-196

Includes index

Description and Table of Contents

Description

The world is too complex for anyone to ever hope to understand all of its interrelationships simultaneously. Yet small aspects of the world we live in can be represented by comprehensible models. This is why economists use models in their analysis and research. In Economic Models and Methodology, Holcombe examines the way in which models are used in economics, and makes specific methodological recommendations more restrictive than the methodological doctrine of pluralism. Holcombe's book is not an encyclopedia of methodology, but rather an analysis of mainstream methodology, and an examination of the use of models in economics. Holcombe examines the role of assumptions in models, the use of empirical models in economics, and specific applications of models in both macroeconomics and microeconomics.

Table of Contents

Preface Introduction Models and Their Uses Models, Theories, and Data Induction and Deduction in Economics Positivism Methodological Individualism Principles of Economics Equilibrium Concepts in Economics Theories of Utility and Entrepreneurship Empirical Models in Economics Economic Imperialism Economic Models and Methodology Bibliography Index

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