Models are not theory…

In Uncategorized on March 5, 2010 by Randy

And the relationships between models and theory are not fixed. They are’t even fixed between the target system/phenomenon and theory or the target system/phenomenon and models. Some models are explicitly constructed from theory — the methodological norm in received economics. In other fields, theory is induced from models. Might I point you to:


2 Responses to “Models are not theory…”

  1. Might I remind you, Randy, not to believe everything you read (except this statement)?

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