Dilemas de un teórico económico
AbstractWhat on earth are economic theorists like me trying to accomplish? The paper discusses four dilemmas encountered by an economic theorist: i) the dilemma of absurd conclusions: should we abandon a model if it produces absurd conclusions or should we regard a model as a very limited set of assumptions which will inevitably fail in some contexts?; ii) the dilemma of responding to evidence: should our models be judged according to experimental results?; iii) the dilemma of model-less regularities: should models provide the hypothesis for testing or are they simply exercises in logic which have no use in identifying regularities?, and iv) the dilemma of relevance: do we have the right to offer advice or to make statements which are intended to influence the real world?
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Bibliographic InfoArticle provided by Universidad Externado de Colombia - Facultad de Economía in its journal Revista de Economía Institucional.
Volume (Year): 8 (2006)
Issue (Month): 14 (January-June)
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More information through EDIRC
dilemmas; economic theory; absurd conclusions; relevance;
Find related papers by JEL classification:
- A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists
- A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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