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

Model building has been the backbone of modern economic theory over the last 25 years, and the major methodological task for each model builder has been to esta

Concern about the role and the limits of modeling has heightened after repeated questions were raised regarding the dependability and suitability of the models

Concern about the role and the limits of modeling has heightened after repeated questions were raised regarding the dependability and suitability of the models