Paradox postponed

Daniel M. Hausman

Journal of Economic Methodology, 2013, vol. 20, issue 3, 250-254

Abstract: This comment argues that there is an explanation paradox in economics, as Julian Reiss maintains, only if models in economics succeed in explaining even though they are not approximately true, fail to identify the causes of what they purport to explain, and misdescribe the mechanism by which the causes lead to the effects to be explained. Reiss provides no reason to believe that models that do not describe the causes and mechanisms at work are nevertheless explanatory.

Date: 2013
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DOI: 10.1080/1350178X.2013.828868

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