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Philosophy of the EconomyModels and Measurements

Philosophy of the Economy: Models and Measurements [Two key economic tools, models and measurements, are analyzed from a philosophical point of view, stressing their realism. Models should portray real causal relations, while it should be noted that measurements entail a simplification of reality, surveying quantitative dimensions and trying to quantify strictly qualitative dimensions.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

Philosophy of the EconomyModels and Measurements

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Publisher
Springer International Publishing
Copyright
© The Author(s) 2013
ISBN
978-3-319-02647-3
Pages
67 –80
DOI
10.1007/978-3-319-02648-0_6
Publisher site
See Chapter on Publisher Site

Abstract

[Two key economic tools, models and measurements, are analyzed from a philosophical point of view, stressing their realism. Models should portray real causal relations, while it should be noted that measurements entail a simplification of reality, surveying quantitative dimensions and trying to quantify strictly qualitative dimensions.]

Published: Nov 28, 2013

Keywords: Economic models; Measurement in economics

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