5/7/2023 0 Comments Don earman benchmark mortgageIn subsequent discussions, Reiss’ use of ‘falseness’ has been criticized on different grounds (Mäki, 2013, Rol, 2013, Hausman, 2013 and others). In EP, Reiss makes use of different notions regarding falsity of models. Given these, the problem for Reiss is this: how can an economic model, with many features known to be false and irrelevant to real-world phenomena, be explanatory? In both EP and EP Redux Reiss contends that the suggested solutions fail in resolving the paradox and the paradox is likely to survive. Reiss claims that economic models involve false, idealized assumptions and as consisting of such false assumptions the model is itself false in an “elliptical” sense, i.e. With its pedagogical virtues, the EP made an important contribution to discussions concerning the role and the status of idealizations in economics and epistemic virtues offered by the models in economics. The EP has been discussed widely since its first publication. In chapter 3, analyzing abstractions and idealizations I revisit Reiss’ “Explanation Paradox” (EP henceforth, 2012) and subsequent “Explanation Paradox Redux” (2013). Thus, chapter 2 sets the stage for the arguments developed in chapter 3. More specifically, since Julien Reiss’ “Explanation Paradox” (EP, 2012) and subsequent “Explanation Paradox Redux” (2013) make use of Hotelling model, in chapter 2, I examine the model without going into philosophical discussions about it and models of economics in general. The reason for my choice is that the topics I will be discussing in chapter 3 necessarily require to analyze it. I will introduce and examine Harold Hotelling’s (1929) model from spatial economics with respect to place it takes in economics. In chapter 2, I have a single and basic aim. BETWEEN OVERRATED PESSIMISM AND UNDERRATED OPTIMISM: A STUDY ON THE MODEL BASED EXPLANATIONS IN ECONOMICS Chapter 1 briefly sketches the background of the scientific explanations in order to better grasp the current state of the affairs regarding scientific explanations in general and in economics in particular.
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