The major methodological task for modern economists has been to establish the testability of models. Too often, however, methodological assumptions can make a m

This book provides a practitioner's foundation for the process of explanatory model building, breaking down that process into five stages. Donald W. Katzner pre

Economics is dominated by model building, therefore a comprehension of how such models work is vital to understanding the discipline. This book provides a criti

What is the correct concept behind measures of inflation? Does money cause business activity or is it the other way around? Shall we stimulate growth by raising