{"title":"It takes a model to beat a model","authors":"H. Chao","doi":"10.1080/1350178X.2021.2019963","DOIUrl":null,"url":null,"abstract":"macro-level causal relations forming the structure in the object-oriented ontologies root in properties of entities — as far as the microfoundations project is concerned, mainly in the properties of agents and other irreducible entities. Thus if one is interested in a (partial) analysis of real causal mechanisms, she needs to postulate some causal entity properties that are active in terms of the relations she wishes to represent. Reality thus cuts in. Macro-structures and hence their representations cannot be independent of the underlying properties of entities, of the properties that carry the causal connections. As a consequence, assumptions de fi ning theoretical agents and other entities must be adequate as for the represented causal connections. Thus the question if a model is capable of providing an adequate causal analysis on the chosen facet of reality boils down to the question of the adequacy of the postulated entity properties. It may be possible that the features of Lucas ’ s highly abstract entities support sound","PeriodicalId":46507,"journal":{"name":"Journal of Economic Methodology","volume":"47 1","pages":"252 - 256"},"PeriodicalIF":1.7000,"publicationDate":"2021-12-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Economic Methodology","FirstCategoryId":"96","ListUrlMain":"https://doi.org/10.1080/1350178X.2021.2019963","RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 0
Abstract
macro-level causal relations forming the structure in the object-oriented ontologies root in properties of entities — as far as the microfoundations project is concerned, mainly in the properties of agents and other irreducible entities. Thus if one is interested in a (partial) analysis of real causal mechanisms, she needs to postulate some causal entity properties that are active in terms of the relations she wishes to represent. Reality thus cuts in. Macro-structures and hence their representations cannot be independent of the underlying properties of entities, of the properties that carry the causal connections. As a consequence, assumptions de fi ning theoretical agents and other entities must be adequate as for the represented causal connections. Thus the question if a model is capable of providing an adequate causal analysis on the chosen facet of reality boils down to the question of the adequacy of the postulated entity properties. It may be possible that the features of Lucas ’ s highly abstract entities support sound
期刊介绍:
The Journal of Economic Methodology is a valuable forum which publishes the most current and exciting work in the broad field of economic methodology. The Journal of Economic Methodology addresses issues such as: ■Methodological analysis of the theory and practice of contemporary economics ■Analysis of the methodological implications of new developments in economic theory and practice ■The methodological writings and practice of earlier economic theorists (mainstream or heterodox) ■Research in the philosophical foundations of economics ■Studies in the rhetoric, sociology, or economics of economics