Behind the Model - A Constructive Critique of Economic Modeling (Paperback)

This ambitious book looks 'behind the model' to reveal how economists use formal models to generate insights into the economy. Drawing on recent work in the philosophy of science and economic methodology, the book presents a novel framework for understanding the logic of economic modeling. It also reveals the ways in which economic models can mislead rather than illuminate. Importantly, the book goes beyond purely negative critique, proposing a concrete program of methodological reform to better equip economists to detect potential mismatches between their models and the targets of their inquiry. Ranging across economics, philosophy, and social science methods, and drawing on a variety of examples, including the recent financial crisis, Behind the Model will be of interest to anyone who has wondered how economics works - and why it sometimes fails so spectacularly.

General

Imprint:	Cambridge UniversityPress
Country of origin:	United Kingdom
Series:	Strategies for Social Inquiry
Release date:	September 2015
Authors:	Peter Spiegler
Dimensions:	242 x 174 x 12mm (L x W x T)
Format:	Paperback - Trade
Pages:	230
ISBN-13:	978-1-107-67780-7
Categories:	Books > Business & Economics > Economics > Economic theory & philosophy Books > Business & Economics > Economics > Econometrics > General
LSN:	1-107-67780-7
Barcode:	9781107677807

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