A Case Study of Normal Research in Theoretical Economics

Hans Lind

Economics and Philosophy, 1992, vol. 8, issue 1, 83-102

Abstract: Theoretical works in economics usually have a core consisting of proofs that a “model-economy” has certain properties. The economist constructs a model that can be looked on as a description of an economy, and then proves that certain relations hold in this economy and/or that certain relations in this economy depend on certain specific characteristics. The model-economy is usually described as simplified or idealized.

Date: 1992
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