What is the Problem with Model-based Explanation in Economics?

Show simple item record

dc.contributor.author Marchionni, Caterina
dc.date.accessioned 2019-02-18T16:10:01Z
dc.date.available 2019-02-18T16:10:01Z
dc.date.issued 2017-12
dc.identifier.citation Marchionni , C 2017 , ' What is the Problem with Model-based Explanation in Economics? ' , Disputatio , vol. 9 , no. 47 , pp. 603-630 . https://doi.org/10.1515/disp-2017-0020
dc.identifier.other PURE: 95493288
dc.identifier.other PURE UUID: 59c4165f-1576-4afb-a380-79e2dd7d9e95
dc.identifier.other WOS: 000449218900008
dc.identifier.other ORCID: /0000-0001-6547-4248/work/54487558
dc.identifier.other Scopus: 85056858927
dc.identifier.uri http://hdl.handle.net/10138/299175
dc.description.abstract The question of whether the idealized models of theoretical economics are explanatory has been the subject of intense philosophical debate. It is sometimes presupposed that either a model provides the actual explanation or it does not provide an explanation at all. Yet, two sets of issues are relevant to the evaluation of model-based explanation: what conditions should a model satisfy in order to count as explanatory and does the model satisfy those conditions. My aim in this paper is to unpack this distinction and show that separating the first set of issues from the second is crucial to an accurate diagnosis of the distinctive challenges that economic models pose. Along the way I sketch a view of model-based explanation in economics that focuses on the role that non-empirical and empirical strategies play in increasing confidence in the adequacy of a given model-based explanation. sv
dc.description.abstract The question of whether the idealized models of theoretical economics are explanatory has been the subject of intense philosophical debate. It is sometimes presupposed that either a model provides the actual explanation or it does not provide an explanation at all. Yet, two sets of issues are relevant to the evaluation of model-based explanation: what conditions should a model satisfy in order to count as explanatory and does the model satisfy those conditions. My aim in this paper is to unpack this distinction and show that separating the first set of issues from the second is crucial to an accurate diagnosis of the distinctive challenges that economic models pose. Along the way I sketch a view of model-based explanation in economics that focuses on the role that non-empirical and empirical strategies play in increasing confidence in the adequacy of a given model-based explanation. fi
dc.description.abstract The question of whether the idealized models of theoretical economics are explanatory has been the subject of intense philosophical debate. It is sometimes presupposed that either a model provides the actual explanation or it does not provide an explanation at all. Yet, two sets of issues are relevant to the evaluation of model-based explanation: what conditions should a model satisfy in order to count as explanatory and does the model satisfy those conditions. My aim in this paper is to unpack this distinction and show that separating the first set of issues from the second is crucial to an accurate diagnosis of the distinctive challenges that economic models pose. Along the way I sketch a view of model-based explanation in economics that focuses on the role that non-empirical and empirical strategies play in increasing confidence in the adequacy of a given model-based explanation. en
dc.format.extent 28
dc.language.iso eng
dc.relation.ispartof Disputatio
dc.rights cc_by_nc_nd
dc.rights.uri info:eu-repo/semantics/openAccess
dc.subject 611 Philosophy
dc.subject 511 Economics
dc.title What is the Problem with Model-based Explanation in Economics? en
dc.type Article
dc.contributor.organization Practical Philosophy
dc.contributor.organization Department of Political and Economic Studies (2010-2017)
dc.contributor.organization TINT – Centre for Philosophy of Social Science
dc.description.reviewstatus Peer reviewed
dc.relation.doi https://doi.org/10.1515/disp-2017-0020
dc.relation.issn 0873-626X
dc.rights.accesslevel openAccess
dc.type.version publishedVersion

Files in this item

Total number of downloads: Loading...

Files Size Format View
What_is_the_Pro ... lanation_in_Economics_.pdf 349.4Kb PDF View/Open

This item appears in the following Collection(s)

Show simple item record