Morgan, Mary S. 
ORCID: 0000-0003-3471-2180
(2014)
What if? Models, fact and fiction in economics (Keynes Lecture in Economics 2013).
Journal of the British Academy, 2.
pp. 231-268.
ISSN 2052-7217
Abstract
Economists build models to understand the economy, but to outsiders these often seem to be imagined or fictional worlds, accounts that seem closer to those of science fiction than to matters of science. Such a judgement underrates the importance of fictional elements and the imagination in the way economists make and use their models. Paying attention to the ‘what-if’ questions that economists ask when they use their models reveals how they create the keys that enable them to translate between their imaginary model worlds and the real economic world we all live in.
| Item Type: | Article |
|---|---|
| Official URL: | https://www.britac.ac.uk/journal-british-academy |
| Additional Information: | © 2014 British Academy |
| Divisions: | Economic History |
| Subjects: | H Social Sciences > HB Economic Theory |
| Date Deposited: | 01 Mar 2018 10:30 |
| Last Modified: | 12 Dec 2024 00:47 |
| URI: | http://eprints.lse.ac.uk/id/eprint/86914 |
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