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A Case Study of Normal Research in Theoretical Economics

Published online by Cambridge University Press:  05 December 2008

Hans Lind
Hans Lind
Affiliation:
University of Stockholm
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Extract

Theoretical works in economics usually have a core consisting of proofs that a “model-economy” has certain properties. The economist constructs a model that can be looked on as a description of an economy, and then proves that certain relations hold in this economy and/or that certain relations in this economy depend on certain specific characteristics. The model-economy is usually described as simplified or idealized.

Type
Essays
Information
Economics & Philosophy , Volume 8 , Issue 1 , April 1992 , pp. 83 - 102
Copyright
Copyright © Cambridge University Press 1992

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References

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