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Article Dans Une Revue Philosophy of the Social Sciences Année : 2013

Models in Economics Are Not (Always) Nomological Machines

Résumé

This paper evaluates Nancy Cartwright’s critique of economic models. Cartwright argues that economics fails to build relevant “nomological machines” able to isolate capacities. In this paper, I contend that many economic models are not used as nomological machines. I give some evidence for this claim and build on an inferential and pragmatic approach to economic modeling. Modeling in economics responds to peculiar inferential norms where a “good” model is essentially a model that enhances our knowledge about possible worlds. As a consequence, models and experiments are very different knowledge-producing devices, at least in economics.
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Dates et versions

hal-02866220 , version 1 (12-06-2020)

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Cyril Hédoin. Models in Economics Are Not (Always) Nomological Machines: A Pragmatic Approach to Economists’ Modeling Practices. Philosophy of the Social Sciences, 2013, 44 (4), pp.424-459. ⟨10.1177/0048393112458715⟩. ⟨hal-02866220⟩
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