Abstract

Model Building in Economics is a nice and informative exercise in “small-m methodology.” Its intention is to provide a “Forest perspective” on model building, and not so much a discussion of individual “Trees.” If the Trees are meant to be individual models, such as game-theoretic models, DSGE models and simple econometrics models, the Forest and Trees metaphor is an apt description of the book, but if the Forest means methodology it is less so. Methodology is not presented from a Forest pers...

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