Introduction to The Invisible Hand in Economics (Routledge, 2008)

This is the Introduction to The Invisible Hand in Economics: How Economists Explain Unintended Social Consequences (Routledge, 2008). If you prefer to read the PDF version, it is available on ResearchGate. Everyone is familiar with the (aesthetically) unpleasant walking-paths on public green fields. Usually, around these fields there are constructed paths for the service … Continue reading Introduction to The Invisible Hand in Economics (Routledge, 2008) →

The Invisible Hand in Economics: How Economists Explain Unintended Social Consequences

The Invisible Hand in Economics How Economists Explain Unintended Social Consequences INEM Advances in Economic Methodology London: Routledge, 2008. This is a book about one of the most controversial concepts in economics: the invisible hand. The author explores the unintended social consequences implied by the invisible hand and discusses the mechanisms that bring about these … Continue reading The Invisible Hand in Economics: How Economists Explain Unintended Social Consequences →

Understanding with theoretical models

ABSTRACT. This paper discusses the epistemic import of highly abstract and simplified theoretical models using Thomas Schelling's checkerboard model as an example. We argue that the epistemic contribution of theoretical models can be better understood in the context of a cluster of models relevant to the explanatory task at hand. The central claim of the … Continue reading Understanding with theoretical models →