Methodology: Models and Theories in Economics

Wolfgang Eichhorn and Winfried Gleißner
Additional contact information
Wolfgang Eichhorn: Karlsruhe Institute of Technology (KIT)
Winfried Gleißner: University of Applied Sciences Landshut

Chapter 13 in Mathematics and Methodology for Economics, 2016, pp 597-625 from Springer

Abstract: Abstract This final chapter deals with some more philosophical issues: why do we use models, what are they good for, and the lines of logic they develop along. These laws are the same in engineering, natural sciences, economics, mathematics, physics, and philosophy. Starting from a given, obviously complete, model, one finds some contradicting facts. A new model is developed and then corroborated until new contradicting facts turn up and the same process begins anew.

Keywords: Natural Science; Explanatory Model; National Income; Inductive Reasoning; Economic Reality (search for similar items in EconPapers)
Date: 2016
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sptchp:978-3-319-23353-6_13

Ordering information: This item can be ordered from
http://www.springer.com/9783319233536

DOI: 10.1007/978-3-319-23353-6_13

Access Statistics for this chapter

More chapters in Springer Texts in Business and Economics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().