The role of economic models and its challenges a methodological review of Economics rules
Dani Rodrik’s book “Economics Rules “ is a book in the philosophy and methodology of economics that deals with the do's and don'ts of modeling in economics, because in his view, models turn economics into science. Rodrik main message in this book is that different social environments require different models. The mistake of economists is that a model is mistaken with the model and unable to link it with the real world. The paper's method is analytical. The paper aims to evaluate the content of the work from the perspective of economic methodology. Foot notes of the chapters have not been translated some jargons need to be revised. The book challenges are quip in the title, models reductionism, diversity of models of economic schools, non-model parts of economics, being scientific due to method, ambiguity in critical assumptions, horizontal or vertical progress of economics, problem of economics or economists, and application of Rodrick's method in DSGE model in macroeconomics.
Model , Economics , methodology , assumptions , Progress
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