Models, mathematics, and methodology in economic explanation /
This book provides a practitioner's foundation for the process of explanatory model building that deconstructs the process into five stages.
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| Main Author: | |
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| Format: | Electronic eBook |
| Language: | English |
| Published: |
Cambridge, United Kingdom ; New York, NY, USA :
Cambridge University Press,
2018.
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| Subjects: | |
| Online Access: | CONNECT |
Table of Contents:
- Cover; Half-title; Title page; Copyright information; Dedication; Table of contents; Preface; Introduction; References; 1 Science and Economics; References; 2 Economic Models and Explanation; References; 3 The Stages of Model Building in Economics; 3.1 Model Construction; 3.2 The Difficulty with Ignoring Stages (i), (ii), and (v); 3.3 Models and Their Relation to the Real World; 3.4 Recapitulation and Further Commentary; References; 4 Models and Mathematics; References; 5 Models and Measurement (or Lack Thereof); 5.1 Simultaneous Relations; 5.2 Change Over Time; 5.3 Optimization
- 5.4 Empirical Testing5.5 Concluding Remark; References; 6 Issues Relating to the Construction of Models from Scratch; 6.1 Arithmomorphic Abstraction; 6.2 Time and Change; 6.3 From Process to Function; 6.4 Limits and Power; References; 7 An Example: The Efficiency of Organizational Forms; 7.1 Preliminaries: Stage (i); 7.2 The Model: Stage (ii); 7.3 Administrative Cost Efficiency: Stage (iii); 7.4 Allocative Efficiency: Stage (iii); 7.5 The Potential for Empirical Testing: Stage (iv); 7.6 Cogency and Relevance: Stage (v); References
- 8 The Implicit Assumption Requirements of Later-Stage Model Building8.1 The Problem in Physics Terms; 8.2 The Problem in Economic Terms; 8.3 Concluding Remark; References; 9 Ordinality and the Adequacy of Analytic Specification; 9.1 The Three Approaches; 9.2 Scale Transformations under Approach C; 9.3 Preserving Functional Forms; 9.4 Recapitulation and Further Commentary; References; 10 Categories of Models; 10.1 Individualism Versus Structuralism; 10.2 Static Models Versus Dynamic Models; 10.3 Certainty versus Uncertainty; References; 11 Conclusion; References; Index
