Rights and wrongs of economic modelling : refining Rodrik

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Mäki , I U 2018 , ' Rights and wrongs of economic modelling : refining Rodrik ' , Journal of Economic Methodology , vol. 25 , no. 3 , pp. 218-236 . https://doi.org/10.1080/1350178X.2018.1488475

Title: Rights and wrongs of economic modelling : refining Rodrik
Author: Mäki, Ismo Uskali
Contributor: University of Helsinki, Academic Disciplines of the Faculty of Social Sciences
Date: 2018
Language: eng
Number of pages: 19
Belongs to series: Journal of Economic Methodology
ISSN: 1350-178X
URI: http://hdl.handle.net/10138/307696
Abstract: This is a critical discussion and proposed refinement of the inspiring account of the successes and failures of economic modelling sketched in Dani Rodrik's Economics Rules. The refinements make use of a systematic framework of the structure of scientific modelling. The issues include distinguishing the discipline of economics from the behaviour and attitudes of economists as targets of normative assessment; nature and sources of success and failure in modelling; the key role of model commentary; model transparency; purposes and audiences of modelling; the nature of critical assumptions; negligibility, applicability, and tractability in modelling; the possibility of generally applicable models; and economics fundamentalism. The proposed refinements submit sharper formulations for some of Rodrik's ideas and supplement others, but they also reveal tensions and relieve some - not yetall - of these.
Subject: 611 Philosophy
511 Economics
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