Model Building in Economics: Its Purposes And Limitations

摘要: Concern about the role and limits of modeling has heightened after repeated questions were raised regarding dependability suitability models that used in run-up to 2008 financial crash. In this book, Lawrence Boland provides an overview practices problems faced by model builders explain nature models, process, possibility for their testing. a reflective manner, author raises serious assumptions judgments make constructing models. making his case, he examines traditional microeconomics-macroeconomics separation with regard how theoretical are built they interact, paying particular attention use equilibrium concepts macroeconomic game theory challenges involved building empirical testing using test explanations.