Corpus ID: 201612643

Models in Economics Are Not Nomological Machines : A Pragmatic Approach to Economists ’ Modeling Practices

@inproceedings{Hdoin2012ModelsIE,
  title={Models in Economics Are Not Nomological Machines : A Pragmatic Approach to Economists ’ Modeling Practices},
  author={Cyril H{\'e}doin},
  year={2012}
}
This paper evaluates Nancy Cartwright’s critique of economic models. Building on various case studies from physics and economics, Cartwright develops a conception of scientific models as “nomological machines” aiming for isolating the “capacities” of various causal factors responsible for the phenomenon under study. Models then work as isolating tools helping the modeler to separate specific causal tendencies from disturbing factors. Initially, Cartwright has proposed the same defense of models… Expand

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