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Economic models as exploration devices

Abstract : In her book The World in the Model: How Economists Work and Think , Mary Morgan takes us on a fascinating journey that spans two centuries of the history of economics and delves into the details of a number of economic models. The argument of the book is clear: to understand what economists do, Morgan claims, one should look into their practice and their tools; the practice in question is that of modelling, and the tools are what economists call models. The material presented in the book is very rich and providing a synthesis of it would be a difficult task that I will not attempt to tackle here. Instead, I will focus on a few examples where the argument of the book finds a powerful illustration and at the same time raises a number of questions which are relevant not only for historians of economics, but also for social scientists who are interested in the making of economics as a science and a profession, and of ‘the economy’ as an object of scientific inquiry and political intervention.
Keywords : economics models
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Submitted on : Tuesday, October 6, 2015 - 4:12:11 PM
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Liliana Doganova. Economic models as exploration devices. Journal of Economic Methodology, Taylor & Francis (Routledge), 2015, 22 (2), pp.249-253. ⟨10.1080/1350178X.2015.1037544⟩. ⟨hal-01212444⟩



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