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Books Books 1 - 10 of 19 on Economics is a science of thinking in terms of models joined to the art of choosing....
" Economics is a science of thinking in terms of models joined to the art of choosing models which are relevant to the contemporary world. It is compelled to be this, because, unlike the typical natural science, the material to which it is applied is, in... "
A History of Post Keynesian Economics Since 1936 - Page 33
by J. E. King - 2002 - 316 pages
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Praxiologies and the Philosophy of Economics

Josiah Lee Auspitz - Business & Economics - 705 pages
...far-fetched to attribute to him some variant of a moderate 'applicability thesis' when he declares that 'Economics is a science of thinking in terms of models...models which are relevant to the contemporary world' (Keynes, 1973a, p. 296). Keynes's theory of induction, as set out in his Treatise on Probability, pre-empts...
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Growth, Profits and Property: Essays in the Revival of Political Economy

Edward J. Nell - Business & Economics - 1984 - 304 pages
...to fill in missing variables with a view to prediction as to test the relevance and validity of the model. Economics is a science of thinking in terms...in too many respects, not homogeneous through time . . . Economics is essentially a moral science and not a natural one. That is to say, it employs introspection...
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The Rules of the Game: The Logical Structure of Economic Theories

J. J. Klant - Business & Economics - 1984 - 204 pages
...which, like geometry and decision theory, can be adapted to the solution of certain concrete problems. 'Economics is a science of thinking in terms of models...models which are relevant to the contemporary world' (XIV, 296). He sought the justification of that method in the nature of the domain to be investigated...
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Isolation and Aggregation in Economics

Ekkehart Schlicht - Business & Economics - 1985 - 112 pages
...phenomena by factors which are changing themselves, but changing more slowly. Keynes put it as follows. Economics is a science of thinking in terms of models...in too many respects, not homogeneous through time. The object of a model is to segregate the semi-permanent or relatively constant factors from those...
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Ideas in Economics

R. D. Collison Black - Business & Economics - 1986 - 246 pages
...have been very close to Marshall's. In a letter of 1938 to Roy Harrod, John Maynard Keynes irgued that Economics is a science of thinking in terms of models...models which are relevant to the contemporary world, . . . The object of a model is to segregate the semipermanent or relatively constant factors from those...
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Money, Interest and Capital: A Study in the Foundations of Monetary Theory

Colin Rogers - Business & Economics - 1989 - 318 pages
...of probability as quite compatible with the appropriate approach to model construction in economics: Economics is a science of thinking in terms of models...science, the material to which it is applied is, in many respects, not homogeneous through time. The object of a model is to segregate the semi-permanent...
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Methodological Foundations of Macroeconomics: Keynes and Lucas

Alessandro Vercelli - Business & Economics - 1991 - 269 pages
...specific analytical models, and helps to indicate which is the right one to suit the circumstances: 'Economics is a science of thinking in terms of models...relevant to the contemporary world. It is compelled to do this, because unlike the typical natural science, the material to which it is applied is, in too...
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Keynes's General Theory and Accumulation

A. Asimakopulos - Business & Economics - 1991 - 207 pages
...over time, because of his view of the difficult 'material' that is the subject matter of economics, 'unlike the typical natural science, the material...in too many respects, not homogeneous through time' (Keynes 1973c: 296). Experience showed that capitalist economies were subject to cyclical fluctuations,...
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The Methodology of Economics: Or, How Economists Explain

Mark Blaug, Blaug Mark - Business & Economics - 1992 - 286 pages
...to fill in missing variables with a view to prediction, as to test the relevance and validity of the model. Economics is a science of thinking in terms...in too many respects, not homogeneous through time. The object of a model is to segregate the semi-permanent or relatively constant factors from those...
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John Maynard Keynes, Critical Assessment: Second series

John Cunningham Wood - Keynesian economics - 1994 - 563 pages
...crucial importance. A better understanding of the economy depends on the ability to choose the "right" model. Economics is a science of thinking in terms...models which are relevant to the contemporary world. [. . .] The object of a model is to segregate the semi-permanent or relatively constant factors from...
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