Behind the Model - A Constructive Critique of Economic Modeling

This book looks 'behind the model' to show how formal models of the economy work - and why they sometimes fail.

List of contents

Introduction; Part I. A Constructive Critique of Common Modeling Practice: 1. Models and modeling; 2. The use of mathematics in theoretical modeling; 3. The use of mathematics in empirical modeling; Part II. The Critique Applied: 4. The new, new institutional economics; 5. The financial crisis and economics; Part III. A Reform Proposal: 6. Why reform?; 7. A reform proposal; Conclusion.

About the author

Peter Spiegler is Assistant Professor of Economics at the University of Massachusetts, Amherst.

Summary

This ambitious book reveals how formal models are constructed in economics. Ranging across economics, philosophy, and social science methods, and drawing on 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.

Product details

• Authors: Peter Spiegler, Peter (University of Massachusetts Spiegler, Spiegler Peter
• Publisher: Cambridge University Press Academic
• Languages: English
• Product format: Hardback
• Released: 03.09.2015
• EAN: 9781107069664
• ISBN: 978-1-107-06966-4
• Dimensions: 180 mm x 255 mm x 15 mm
• Series: Strategies for Social Inquiry; Strategies for Social Inquiry
• Subjects: Social sciences, law, business > Business > Miscellaneous; BUSINESS & ECONOMICS / Economics / Theory, BUSINESS & ECONOMICS / Econometrics, Economic theory & philosophy, Econometrics, Economic theory and philosophy, Econometrics and economic statistics