The major methodological task for modern economists has been to
establish the testability of models. Too often, however,
methodological assumptions can make a model virtually impossible to
test even under ideal conditions, yet few theorists have examined
the requirements and problems of assuring testability in economics.
In The Methodology of Economic Model Building, first published in
1989, Lawrence Boland presents the results of a research project
that spanned more than twenty years. He examines how economists
have applied the philosophy of Karl Popper, relating methodological
debates about falsifiability to wider discussions about the truth
status of models in natural and social sciences. He concludes that
model building in economics reflects more the methodological
prescriptions of the economist Paul Samuelson than Popper's
'falsificationism'. This title will prove invaluable to both
students and researchers, and represents a substantial contribution
to debates about the scientific status of economics.
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