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Author Morgan, Mary S
Title The World in the Model : How Economists Work and Think
Imprint New York : Cambridge University Press, 2012
©2012
book jacket
Descript 1 online resource (442 pages)
text txt rdacontent
computer c rdamedia
online resource cr rdacarrier
Note Cover -- THE WORLD IN THE MODEL -- Title -- Copyright -- Dedication -- Contents -- Figures, Tables, and Boxes -- Preface -- 1 Modelling as a Method of Enquiry -- PART I: CHANGING THE PRACTICE OF ECONOMIC SCIENCE -- 1. From Laws to Models, From Words to Objects -- 2. The Naturalization of Modelling in Economics -- 3. Practical Reasoning Styles -- 3.i Modelling as a Style of Reasoning -- 3.ii Modelling as a Reasoning Style in Economics -- PART II: MAKING MODELS, USING MODELS -- 4. Making Models to Reason With: Forms, Rules, and Resources -- 4.i Giving Form -- 4.ii Becoming Formal -- 4.iii Reasoning Resources -- 5. Modelling as a Method of Enquiry: The World in the Model, Models of the World -- 6. Conclusion -- 2 Model-Making: New Recipes, Ingredients, and Integration -- 1. Ricardo, the "Modern" Economist? -- 2. Ricardo, His Economy, and the Economy of His Day -- 2.i David Ricardo, Esq. -- 2.ii Economics Matters, Experimental Farming Matters -- 3. Constructing Ricardo's Numerical Model Farm and Questions of Distribution -- 3.i The Numbers in Ricardo's Principles and Experimental Accounts -- 3.ii The Spade-Husbandry Debate -- 4. Ricardo's Model Farm and Model Farming -- 4.i Three Model Farms in One -- 4.ii A Model Farm that Worked According to Ricardo's Economic Ideas -- 4.iii A Model of an Individual Farm in the Period -- 4.iv A Model Farm for the Whole Agricultural Sector -- 5. Model-Making: Creating New Recipes -- 5.i Ingredients -- 5.ii Fitting Things Together: Integration and Reasoning Possibilities -- 3 Imagining and Imaging: Creating a New Model World -- 1. Introduction -- 2. Acts of Translation or a New Way of World-Making? -- 3. Making the Mathematical Economic World in Models -- 4. The Artist's Space versus the Economist's Space -- 5. The History of the Edgeworth Box Diagram - as Told by Itself -- 5.i Edgeworth's Imagination and Image
5.ii Pareto's Imagination and Images -- 6. The World Newly Made in the Model: Questions of Representation? -- 6.i Visualization -- 6.ii Newness -- 7. Seeing the World in the Model -- 8. Conclusion -- 4 Character Making: Ideal Types, Idealization, and the Art of Caricature -- 1. Introduction -- 2. Characterizing Economic Man: Classical Economists' Homo Economicus -- 3. Concept Forming: Weber's Ideal Types and Menger's Human Economy -- 4. Symbolic Abstraction: Jevons' Calculating Man -- 5. Exaggerating Qualities: Knight's Slot-Machine Man -- 6. Making a Cartoon into a Role Model: Rational Economic Man -- 7. The Art of Caricature and Processes of Idealization -- 8. Model Man's CV: De-Idealization and the Changing Roles of Economic Man -- 5 Metaphors and Analogies: Choosing the World of the Model -- 1. From Metaphors to Analogical Models -- 2. The Newlyn-Phillips Machine -- 3. The Machine's Inventors: Walter Newlyn and Bill Phillips -- 4. Inventing the Newlyn-Phillips Machine -- Step 1: Phillips chooses the analogy for his supply/demand model (early 1949) -- Step 2: Newlyn designs the blueprint for a monetary circulation machine (Easter 1949) -- Step 3: Phillips and Newlyn build the prototype Machine (Summer 1949) -- 5. Analogical Models and New Things -- 6 Questions and Stories: Capturing the Heart of Matters -- 1. Introduction -- 2. Stories to Shape Model Resources: Frisch's Macro-Dynamic Scheme -- 3. Questions and Stories Capturing Keynes' General Theory -- 3.i Modelling Keynes' General Theory: Meade -- 3.ii Reasoning with Models: The External and Internal Dynamics -- 3.iii Modelling Keynes' General Theory: Samuelson -- 4. Finding New Dimensions and Telling New Stories -- 4.i Modelling Keynes' General Theory: Hicks -- 4.ii Demonstrations, Variety, and Fruitfulness -- 5. Capturing the Heart of the Matter with Narratives
5.i Narratives and Identity in the World of the Model -- 5.ii Model Narratives and Making Sense of the Economic World -- 5.iii Narrative as a Testing Bed for Models -- 6. Where Next? -- 7 Model Experiments? -- 1. Introduction -- 2. Experiments in the World of the Model -- 2.i Mangoldt and Jenkin -- 2.ii Marshall -- 2.iii Conceptual Work: Defining Generic Categories -- 3. Models in 'Laboratory' Experiments -- 4. Comparison: Model Experiments and Laboratory Experiments -- 4.i Controls and Demonstration -- 4.ii Experimental Validity and The Inference Gap -- 5. Hybrids -- 5.i Virtually Experiments -- 5.ii The Status of Hybrids -- 6. Materials Matter: Surprise versus Confoundment -- 8 Simulation: Bringing a Microscope into Economics -- 1. The Birth of a New Technology -- 2. Simulation: Content and Context -- 3. Shubik and Simulation -- 3.i Martin Shubik's History -- 3.ii Models, Simulated Environments, and Simulated Behaviour -- 4. Guy Orcutt's History and "Microsimulation" -- 5. Bringing a Microscope into Economics -- 5.i Introducing the Analogy -- 5.ii Matters of Scale and Kind -- 5.iii Specimens = Models -- 6. How Do Simulations Work as Microscopes? -- 7. The Observation-Inference Problem -- 8. Conclusion -- 9 Model Situations, Typical Cases, and Exemplary Narratives -- 1. Introduction -- 2. War Games -- 3. The Exemplary Narrative -- 3.i The Prisoner's Dilemma: Collaborate or Defect? -- 3.ii The Economists' Dilemma: Individual Rationality or Invisible Hand? -- 4. The Commentator's Dilemma: Fitting Together Situations, Narratives, and Cases -- 4.i Reasoning about Situations -- 4.ii Explanatory Depth: The Roles of Narratives -- 4.iii Explanatory Breadth: Taxonomies, Kinds, and Cases -- 5. Conclusion -- 10 From the World in the Model to the Model in the World -- 1. Introduction -- 2. Models: The New Working Objects of Economics
2.i Model Worlds and Working Objects -- 2.ii Small Worlds, Miniature Worlds, Compressed Worlds? -- 3. The Work of Working Objects -- 3.i Materials for Describing and Theorizing -- 3.ii "Abstract Typical Representations" and Model Inductions -- 4. Modelling: The New Way of Practising Economics17 -- 4.i Assumptions in Practices -- 4.ii Network of Models -- 4.iii Community Matters -- 5. Models in the World -- 5.i Models: New Instruments for Acting in the World -- 5.ii Seeing Small Worlds in the Big World -- Index
This book describes the radical shift in the study of economic science; where arguing with words was replaced by reasoning with mathematical models
Description based on publisher supplied metadata and other sources
Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2020. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries
Link Print version: Morgan, Mary S. The World in the Model : How Economists Work and Think New York : Cambridge University Press,c2012 9781107002975
Subject Economics -- Mathematical models.;Economists
Electronic books
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