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A Case Study of Normal Research in Theoretical Economics

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  • Lind, Hans

Abstract

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.

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  • Lind, Hans, 1992. "A Case Study of Normal Research in Theoretical Economics," Economics and Philosophy, Cambridge University Press, vol. 8(1), pages 83-102, April.
    • Handle: RePEc:cup:ecnphi:v:8:y:1992:i:01:p:83-102_00
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    Cited by:

    1. Björn Frank, 2002. "The unimportance of the choice-value thesis in economics," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 8(2), pages 97-106, May.

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