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    The efficiency question in economics

    Northcott, Robert (2018) The efficiency question in economics. Philosophy of Science 85 (5), pp. 1140-1151. ISSN 0031-8248.

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    Abstract

    Much philosophical attention has been devoted to whether economic models explain, and more generally to how scientific models represent. Yet there is an issue more practically important to economics than either of these, which I label the efficiency question: regardless of how exactly models represent, or of whether their role is explanatory or something else, is current modeling practice an efficient way to achieve these goals – or should research efforts be redirected? In addition to showing how the efficiency question has been relatively neglected, I give two examples of the kind of analysis it requires.

    Metadata

    Item Type: Article
    School: School of Social Sciences, History and Philosophy > Philosophy
    Depositing User: Robert Northcott
    Date Deposited: 25 Jan 2018 09:29
    Last Modified: 13 Feb 2021 20:01
    URI: https://eprints.bbk.ac.uk/id/eprint/20999

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