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Economic Models and Methodology (Hardcover, New)
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Economic Models and Methodology (Hardcover, New)
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The world is too complex for anyone to ever hope to understand all
of its interrelationships simultaneously. Yet small aspects of the
world we live in can be represented by comprehensible models. This
is why economists use models in their analysis and research. In
Economic Models and Methodology, Holcombe examines the way in which
models are used in economics, and makes specific methodological
recommendations more restrictive than the methodological doctrine
of pluralism. Holcombe's book is not an encyclopedia of
methodology, but rather an analysis of mainstream methodology, and
an examination of the use of models in economics. Holcombe examines
the role of assumptions in models, the use of empirical models in
economics, and specific applications of models in both
macroeconomics and microeconomics.
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