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  1. The Diversity of Rational Choice Theory: A Review Note.Catherine Https://Orcidorg Herfeld - 2020 - Topoi 39 (2):329-347.
    In this paper, I review the literature on rational choice theory to scrutinize a number of criticisms that philosophers have voiced against its usefulness in economics. The paper has three goals: first, I argue that the debates about RCT have been characterized by disunity and confusion about the object under scrutiny, which calls into question the effectiveness of those criticisms. Second, I argue that RCT is not a single and unified choice theory—let alone an empirical theory of human behavior—as some (...)
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  • Homepage Eckhart Arnold.Eckhart Arnold (ed.) - 2001 - Munich: Preprint.
    This is my personal homepage. Find my philosophical papers under "Philosophy".
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  • Revisiting abstraction and idealization: how not to criticize mechanistic explanation in molecular biology.Martin Zach - 2022 - European Journal for Philosophy of Science 12 (1):1-20.
    Abstraction and idealization are the two notions that are most often discussed in the context of assumptions employed in the process of model building. These notions are also routinely used in philosophical debates such as that on the mechanistic account of explanation. Indeed, an objection to the mechanistic account has recently been formulated precisely on these grounds: mechanists cannot account for the common practice of idealizing difference-making factors in models in molecular biology. In this paper I revisit the debate and (...)
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  • A Complementary Account of Scientific Modelling: Modelling Mechanisms in Cancer Immunology.Martin Zach - forthcoming - British Journal for the Philosophy of Science.
    According to a widely held view, scientific modelling consists in entertaining a set of model descriptions that specify a model. Rather than studying the phenomenon of interest directly, scientists investigate the phenomenon indirectly via a model in the hope of learning about some of the phenomenon’s features. I call this view the description-driven modelling (DDM) account. I argue that although an accurate description of much of scientific research, the DDM account is found wanting as regards the mechanistic modelling found in (...)
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  • Non-causal understanding with economic models: the case of general equilibrium.Philippe Verreault-Julien - 2017 - Journal of Economic Methodology 24 (3):297-317.
    How can we use models to understand real phenomena if models misrepresent the very phenomena we seek to understand? Some accounts suggest that models may afford understanding by providing causal knowledge about phenomena via how-possibly explanations. However, general equilibrium models, for example, pose a challenge to this solution since their contribution appears to be purely mathematical results. Despite this, practitioners widely acknowledge that it improves our understanding of the world. I argue that the Arrow–Debreu model provides a mathematical how-possibly explanation (...)
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  • How could models possibly provide how-possibly explanations?Philippe Verreault-Julien - 2019 - Studies in History and Philosophy of Science Part A 73:1-12.
    One puzzle concerning highly idealized models is whether they explain. Some suggest they provide so-called ‘how-possibly explanations’. However, this raises an important question about the nature of how-possibly explanations, namely what distinguishes them from ‘normal’, or how-actually, explanations? I provide an account of how-possibly explanations that clarifies their nature in the context of solving the puzzle of model-based explanation. I argue that the modal notions of actuality and possibility provide the relevant dividing lines between how-possibly and how-actually explanations. Whereas how-possibly (...)
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  • Describing model relations: The case of the capital asset pricing model (CAPM) family in financial economics.Melissa Vergara-Fernández, Conrad Heilmann & Marta Szymanowska - 2023 - Studies in History and Philosophy of Science Part A 97 (C):91-100.
    The description of how individual models in families of models are related to each other is crucial for the general philosophical understanding of model-based scientific practice. We focus on the Capital Asset Pricing Models (CAPM) family, a cornerstone in financial economics, to provide a descriptive analysis of model relations within a family. We introduce the concepts of theoretical and empirical complementarity to characterise model relations. Our complementarity analysis of model relations has two types of payoff. Specifically regarding the CAPM, our (...)
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  • Contextualist model evaluation: models in financial economics and index funds.Melissa Vergara-Fernández, Conrad Heilmann & Marta Szymanowska - 2023 - European Journal for Philosophy of Science 13 (1):1-23.
    Philosophers of science typically focus on the epistemic performance of scientific models when evaluating them. Analysing the effects that models may have on the world has typically been the purview of sociologists of science. We argue that the reactive (or “performative”) effects of models should also figure in model evaluations by philosophers of science. We provide a detailed analysis of how models in financial economics created the impetus for the growing importance of the phenomenon of “passive investing” in financial markets. (...)
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  • Model Pluralism.Walter Veit - 2019 - Philosophy of the Social Sciences 50 (2):91-114.
    This paper introduces and defends an account of model-based science that I dub model pluralism. I argue that despite a growing awareness in the philosophy of science literature of the multiplicity, diversity, and richness of models and modeling practices, more radical conclusions follow from this recognition than have previously been inferred. Going against the tendency within the literature to generalize from single models, I explicate and defend the following two core theses: any successful analysis of models must target sets of (...)
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  • What is the Problem of Explanation and Modeling?Raphael van Riel - 2017 - Acta Analytica 32 (3):263-275.
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  • Fictional Models and Fictional Representations.Sim-Hui Tee - 2018 - Axiomathes 28 (4):375-394.
    Scientific models consist of fictitious elements and assumptions. Various attempts have been made to answer the question of how a model, which is sometimes viewed as a fiction, can explain or predict the target phenomenon adequately. I examine two accounts of models-as-fictions which are aiming at disentangling the myth of representing the reality by fictional models. I argue that both views have their own weaknesses in spite of many virtues. I propose to re-evaluate the problems of representation from a novel (...)
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  • Two epistemological challenges regarding hypothetical modeling.Peter Tan - 2022 - Synthese 200 (6).
    Sometimes, scientific models are either intended to or plausibly interpreted as representing nonactual but possible targets. Call this “hypothetical modeling”. This paper raises two epistemological challenges concerning hypothetical modeling. To begin with, I observe that given common philosophical assumptions about the scope of objective possibility, hypothetical models are fallible with respect to what is objectively possible. There is thus a need to distinguish between accurate and inaccurate hypothetical modeling. The first epistemological challenge is that no account of the epistemology of (...)
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  • Models at Work—Models in Decision Making.Ekaterina Svetlova & Vanessa Dirksen - 2014 - Science in Context 27 (4):561-577.
    In this topical section, we highlight the next step of research on modeling aiming to contribute to the emerging literature that radically refrains from approaching modeling as a scientific endeavor. Modeling surpasses “doing science” because it is frequently incorporated into decision-making processes in politics and management, i.e., areas which are not solely epistemically oriented. We do not refer to the production of models in academia for abstract or imaginary applications in practical fields, but instead highlight the real entwinement of science (...)
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  • De-idealization by commentary: the case of financial valuation models.Ekaterina Svetlova - 2013 - Synthese 190 (2):321-337.
    Is there a unique way to de-idealize models? If not, how might the possible ways of reducing the distortion between models and reality differ from each other? Based on an empirical case study conducted in financial markets, this paper discusses how a popular valuation model (the Discounted Cash Flow model) idealizes reality and how the market participants de-idealize it in concrete market situations. In contrast to Cartwright's view that economic models are generally over-constrained, this paper suggests that valuation models are (...)
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  • Technology-driven surrogates and the perils of epistemic misalignment: an analysis in contemporary microbiome science.Javier Suárez & Federico Boem - 2022 - Synthese 200 (6):1-28.
    A general view in philosophy of science says that the appropriateness of an object to act as a surrogate depends on the user’s decision to utilize it as such. This paper challenges this claim by examining the role of surrogative reasoning in high-throughput sequencing technologies as they are used in contemporary microbiome science. Drawing on this, we argue that, in technology-driven surrogates, knowledge about the type of inference practically permitted and epistemically justified by the surrogate constrains their use and thus (...)
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  • Understanding from Machine Learning Models.Emily Sullivan - 2022 - British Journal for the Philosophy of Science 73 (1):109-133.
    Simple idealized models seem to provide more understanding than opaque, complex, and hyper-realistic models. However, an increasing number of scientists are going in the opposite direction by utilizing opaque machine learning models to make predictions and draw inferences, suggesting that scientists are opting for models that have less potential for understanding. Are scientists trading understanding for some other epistemic or pragmatic good when they choose a machine learning model? Or are the assumptions behind why minimal models provide understanding misguided? In (...)
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  • Idealizations and Understanding: Much Ado About Nothing?Emily Sullivan & Kareem Khalifa - 2019 - Australasian Journal of Philosophy 97 (4):673-689.
    Because idealizations frequently advance scientific understanding, many claim that falsehoods play an epistemic role. In this paper, we argue that these positions greatly overstate idealiza...
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  • How fictional accounts can explain.Robert Sugden - 2013 - Journal of Economic Methodology 20 (3):237 - 243.
    In this note, I comment on Julian Reiss's paper ?The explanation paradox?. I argue in support of two of the propositions that make up that paradox (that economic models are false, and that they are explanatory) but challenge the third proposition, that only true accounts can explain. I defend the ?credible worlds? account of models as fictions that are explanatory by virtue of similarity relations with real-world phenomena. I argue that Reiss's objections to the role of subjective similarity judgements in (...)
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  • Credible Worlds, Capacities and Mechanisms.Robert Sugden - 2009 - Erkenntnis 70 (1):3-27.
    This paper asks how, in science in general and in economics in particular, theoretical models aid the understanding of real-world phenomena. Using specific models in economics and biology as test cases, it considers three alternative answers: that models are tools for isolating the ‘capacities’ of causal factors in the real world; that modelling is ‘conceptual exploration’ which ultimately contributes to the development of genuinely explanatory theories; and that models are credible counterfactual worlds from which inductive inferences can be made. The (...)
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  • Sustainability and the Infinite Future: A Case Study of a False Modeling Assumption in Environmental Economics.Daniel Steel - 2017 - Erkenntnis 82 (5):1065-1084.
    This essay examines the issue of false assumptions in models via a case study of a prominent economic model of sustainable development, wherein the assumption of an infinite future plays a central role. Two proposals are found to be helpful for this case, one based on the concept of derivational robustness and the other on understanding. Both suggest that the assumption of an infinite future, while arguably legitimate in some applications of the model, is problematic with respect to what I (...)
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  • Is credibility a guide to possibility? A challenge for toy models in science.Ylwa Sjölin Wirling - 2021 - Analysis 81 (3):470-478.
    Several philosophers of science claim that scientific toy models afford knowledge of possibility, but answers to the question of why toy models can be expected to competently play this role are scarce. The main line of reply is that toy models support possibility claims insofar as they are credible. I raise a challenge for this credibility-thesis, drawing on a familiar problem for imagination-based modal epistemologies, and argue that it remains unanswered in the current literature. The credibility-thesis has a long way (...)
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  • The epistemology of modal modeling.Ylwa Sjölin Wirling & Till Grüne-Yanoff - 2021 - Philosophy Compass 16 (10):e12775.
    Philosophers of science have recently taken care to highlight different modeling practices where scientific models primarily contribute modal information, in the form of for example possibility claims, how-possibly explanations, or counterfactual conditionals. While examples abound, comparatively little attention is being paid to the question of under what conditions, and in virtue of what, models can perform this epistemic function. In this paper, we firstly delineate modal modeling from other modeling practices, and secondly reviewattempts to spell out and explain the epistemic (...)
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  • The Heuristic Defense of Scientific Models: An Incentive-Based Assessment.Armin W. Schulz - 2015 - Perspectives on Science 23 (4):424-442.
    It is undeniable that much scientific work is model-based. Despite this, the justification for this reliance on models is still controversial. A particular difficulty here is the fact that many scientific models are based on assumptions that do not describe the exact details of many or even any empirical situations very well. This raises the question of why it is that, despite their frequent lack of descriptive accuracy, employing models is scientifically useful.One..
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  • Modeling intentional agency: a neo-Gricean framework.Matti Sarkia - 2021 - Synthese 199 (3-4):7003-7030.
    This paper analyzes three contrasting strategies for modeling intentional agency in contemporary analytic philosophy of mind and action, and draws parallels between them and similar strategies of scientific model-construction. Gricean modeling involves identifying primitive building blocks of intentional agency, and building up from such building blocks to prototypically agential behaviors. Analogical modeling is based on picking out an exemplary type of intentional agency, which is used as a model for other agential types. Theoretical modeling involves reasoning about intentional agency in (...)
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  • A model-based approach to social ontology.Matti Sarkia - 2021 - Philosophy of the Social Sciences 52 (3):175-203.
    This paper argues for theoretical modeling and model-construction as central types of activities that philosophers of social ontology engage in. This claim is defended through a detailed case study and revisionary interpretation of Raimo Tuomela’s account of the we-perspective. My interpretation is grounded in Ronald Giere’s account of scientific models, and argued to be compatible with, but less demanding than Tuomela’s own description of his account as a philosophical theory of the social world. My approach is also suggested to be (...)
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  • The New Fiction View of Models.Fiora Salis - 2021 - British Journal for the Philosophy of Science 72 (3):717-742.
    How do models represent reality? There are two conditions that scientific models must satisfy to be representations of real systems, the aboutness condition and the epistemic condition. In this article, I critically assess the two main fictionalist theories of models as representations, the indirect fiction view and the direct fiction view, with respect to these conditions. And I develop a novel proposal, what I call ‘the new fiction view of models’. On this view, models are akin to fictional stories; they (...)
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  • Current Perspectives in Philosophy of Biology.Joaquin Suarez Ruiz & Rodrigo A. Lopez Orellana - 2019 - Humanities Journal of Valparaiso 14:7-426.
    Current Perspectives in Philosophy of Biology.
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  • True Griceanism: Filling the Gaps in Callender and Cohen’s Account of Scientific Representation.Quentin Ruyant - 2021 - Philosophy of Science 88 (3):533-553.
    Callender and Cohen have proposed to apply a “Gricean strategy” to the constitution problem of scientific representation, taking inspiration from Grice’s reduction of linguistic meaning to mental states. They suggest that scientific representation can be reduced to stipulation by epistemic agents. This account has been criticised for not making a distinction between symbolic and epistemic representation and not taking into account the communal aspects of scientific representation. I argue that these criticisms would not apply if Grice’s actual strategy were properly (...)
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  • Micro-foundations and Methodology: A Complexity-Based Reconceptualization of the Debate.Nadia Ruiz & Armin W. Schulz - 2023 - British Journal for the Philosophy of Science 74 (2):359-379.
    In a number of very influential publications, Epstein and Hoover (among other authors) have recently argued that a thoroughly micro-foundationalist approach towards economics is unconvincing for metaphysical reasons. However, as we show in this article, this metaphysical/social ontological approach to the debate fails to resolve the status of micro-foundations in the practice of economic modelling. To overcome this, we argue that endogenizing a model—that is, providing micro-foundations for it—correlates with making that model more complex. Specifically, we show that models with (...)
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  • Punto de vista lógico y no representacionista del razonamiento sustitutivo.Juan Redmond, Rodrigo Lopez-Orellana & Loreto Paniagua - 2021 - Cuadernos Filosóficos / Segunda Época 18.
    In this paper we argue, from an inferential approach, that the inferential role played by a model, during modeling practice, is independent of the notion of representation engaged with the chosen modeling approach. Indeed, we believe that the notion of surrogative reasoning is neither subsidiary nor founded on the notion of representation and that it will only find its foundations in logic itself. Neither the notion of representation is an inferential notion nor FIM is a type of representation-based thinking.
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  • Thin versus thick accounts of scientific representation.Michael Poznic - 2018 - Synthese 195 (8):3433-3451.
    This paper proposes a novel distinction between accounts of scientific representation: it distinguishes thin accounts from thick accounts. Thin accounts focus on the descriptive aspect of representation whereas thick accounts acknowledge the evaluative aspect of representation. Thin accounts focus on the question of what a representation as such is. Thick accounts start from the question of what an adequate representation is. In this paper, I give two arguments in favor of a thick account, the Argument of the Epistemic Aims of (...)
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  • Model Evaluation: An Adequacy-for-Purpose View.Wendy S. Parker - 2020 - Philosophy of Science 87 (3):457-477.
    According to an adequacy-for-purpose view, models should be assessed with respect to their adequacy or fitness for particular purposes. Such a view has been advocated by scientists and philosophers...
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  • Explanation by Idealized Theories.Ilkka Niiniluoto - 2018 - Kairos 20 (1):43-63.
    The use of idealized scientific theories in explanations of empirical facts and regularities is problematic in two ways: they don’t satisfy the condition that the explanans is true, and they may fail to entail the explanandum. An attempt to deal with the latter problem was proposed by Hempel and Popper with their notion of approximate explanation. A more systematic perspective on idealized explanations was developed with the method of idealization and concretization by the Poznan school in the 1970s. If idealizational (...)
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  • It’s Not a Game: Accurate Representation with Toy Models.James Nguyen - 2020 - British Journal for the Philosophy of Science 71 (3):1013-1041.
    Drawing on ‘interpretational’ accounts of scientific representation, I argue that the use of so-called ‘toy models’ provides no particular philosophical puzzle. More specifically; I argue that once one gives up the idea that models are accurate representations of their targets only if they are appropriately similar, then simple and highly idealized models can be accurate in the same way that more complex models can be. Their differences turn on trading precision for generality, but, if they are appropriately interpreted, toy models (...)
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  • Learning from Non-Causal Models.Francesco Nappo - 2020 - Erkenntnis 87 (5):2419-2439.
    This paper defends the thesis of learning from non-causal models: viz. that the study of some model can prompt justified changes in one’s confidence in empirical hypotheses about a real-world target in the absence of any known or predicted similarity between model and target with regards to their causal features. Recognizing that we can learn from non-causal models matters not only to our understanding of past scientific achievements, but also to contemporary debates in the philosophy of science. At one end (...)
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  • The analytic-continental divide in philosophical practice: An empirical study.Moti Mizrahi & Mike Dickinson - 2021 - Metaphilosophy 52 (5):668-680.
    Philosophy is often divided into two traditions: analytic and continental philosophy. Characterizing the analytic-continental divide, however, is no easy task. Some philosophers explain the divide in terms of the place of argument in these traditions. This raises the following questions: Is analytic philosophy rife with arguments while continental philosophy is devoid of arguments? Or can different types of arguments be found in analytic and continental philosophy? This paper presents the results of an empirical study of a large corpus of philosophical (...)
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  • Philosophy’s gender gap and argumentative arena: an empirical study.Moti Mizrahi & Michael Adam Dickinson - 2022 - Synthese 200 (2):1-34.
    While the empirical evidence pointing to a gender gap in professional, academic philosophy in the English-speaking world is widely accepted, explanations of this gap are less so. In this paper, we aim to make a modest contribution to the literature on the gender gap in academic philosophy by taking a quantitative, corpus-based empirical approach. Since some philosophers have suggested that it may be the argumentative, “logic-chopping,” and “paradox-mongering” nature of academic philosophy that explains the underrepresentation of women in the discipline, (...)
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  • What is the Problem with Model-based Explanation in Economics?Caterina Marchionni - 2017 - Disputatio 9 (47):603-630.
    The question of whether the idealized models of theoretical economics are explanatory has been the subject of intense philosophical debate. It is sometimes presupposed that either a model provides the actual explanation or it does not provide an explanation at all. Yet, two sets of issues are relevant to the evaluation of model-based explanation: what conditions should a model satisfy in order to count as explanatory and does the model satisfy those conditions. My aim in this paper is to unpack (...)
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  • How to use fitness landscape models for the analysis of collective decision-making: a case of theory-transfer and its limitations.Peter Marks, Lasse Gerrits & Johannes Marx - 2019 - Biology and Philosophy 34 (1):7.
    There is considerable correspondence between theories and models used in biology and the social sciences. One type of model that is in use in both biology and the social sciences is the fitness landscape model. The properties of the fitness landscape model have been applied rather freely in the social domain. This is partly due to the versatility of the model, but it is also due to the difficulties of transferring a model to another domain. We will demonstrate that in (...)
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  • Computational Functionalism for the Deep Learning Era.Ezequiel López-Rubio - 2018 - Minds and Machines 28 (4):667-688.
    Deep learning is a kind of machine learning which happens in a certain type of artificial neural networks called deep networks. Artificial deep networks, which exhibit many similarities with biological ones, have consistently shown human-like performance in many intelligent tasks. This poses the question whether this performance is caused by such similarities. After reviewing the structure and learning processes of artificial and biological neural networks, we outline two important reasons for the success of deep learning, namely the extraction of successively (...)
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  • An inferential and dynamic approach to modeling and understanding in biology.Rodrigo Lopez-Orellana, Juan Redmond & David Cortés-García - 2019 - Humanities Journal of Valparaiso 14:315-334.
    This paper aims to propose an inferential and dynamic approach to understanding with models in biology. Understanding plays a central role in the practice of modeling. From its links with the other two central elements of scientific research, experimentation, and explanation, we show its epistemic relevance to the case of explanation in biology. Furthermore, by including the notion of understanding, we propose a non-referentialist perspective on scientific models, which is determined by their use.
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  • Robustness analysis and tractability in modeling.Chiara Lisciandra - 2017 - European Journal for Philosophy of Science 7 (1):79-95.
    In the philosophy of science and epistemology literature, robustness analysis has become an umbrella term that refers to a variety of strategies. One of the main purposes of this paper is to argue that different strategies rely on different criteria for justifications. More specifically, I will claim that: i) robustness analysis differs from de-idealization even though the two concepts have often been conflated in the literature; ii) the comparison of different model frameworks requires different justifications than the comparison of models (...)
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  • Multiple models, one explanation.Chiara Lisciandra & Johannes Korbmacher - 2021 - Journal of Economic Methodology 28 (2):186-206.
    We develop an account of how mutually inconsistent models of the same target system can provide coherent information about the system. Our account makes use of ideas from the debate surrounding rob...
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  • A review on Katzner’s Models, mathematics and methodology in economic explanation, Cambridge University Press 2018.Aki Lehtinen - 2021 - Journal of Economic Methodology 29 (1):105-109.
    A review of Donald Katzner's book on economic modelling is provided. In addition to characterising the book, I give critical comments on the distinction between primary and secondary assumptions.
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  • Incredible Worlds, Credible Results.Jaakko Kuorikoski & Aki Lehtinen - 2009 - Erkenntnis 70 (1):119-131.
    Robert Sugden argues that robustness analysis cannot play an epistemic role in grounding model-world relationships because the procedure is only a matter of comparing models with each other. We posit that this argument is based on a view of models as being surrogate systems in too literal a sense. In contrast, the epistemic importance of robustness analysis is easy to explicate if modelling is viewed as extended cognition, as inference from assumptions to conclusions. Robustness analysis is about assessing the reliability (...)
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  • External representations and scientific understanding.Jaakko Kuorikoski & Petri Ylikoski - 2015 - Synthese 192 (12):3817-3837.
    This paper provides an inferentialist account of model-based understanding by combining a counterfactual account of explanation and an inferentialist account of representation with a view of modeling as extended cognition. This account makes it understandable how the manipulation of surrogate systems like models can provide genuinely new empirical understanding about the world. Similarly, the account provides an answer to the question how models, that always incorporate assumptions that are literally untrue of the model target, can still provide factive explanations. Finally, (...)
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  • Varieties of noise: Analogical reasoning in synthetic biology.Tarja Knuuttila & Andrea Loettgers - 2014 - Studies in History and Philosophy of Science Part A 48:76-88.
    The picture of synthetic biology as a kind of engineering science has largely created the public understanding of this novel field, covering both its promises and risks. In this paper, we will argue that the actual situation is more nuanced and complex. Synthetic biology is a highly interdisciplinary field of research located at the interface of physics, chemistry, biology, and computational science. All of these fields provide concepts, metaphors, mathematical tools, and models, which are typically utilized by synthetic biologists by (...)
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  • Model templates within and between disciplines: from magnets to gases – and socio-economic systems.Tarja Knuuttila & Andrea Loettgers - 2016 - European Journal for Philosophy of Science 6 (3):377-400.
    One striking feature of the contemporary modelling practice is its interdisciplinary nature. The same equation forms, and mathematical and computational methods, are used across different disciplines, as well as within the same discipline. Are there, then, differences between intra- and interdisciplinary transfer, and can the comparison between the two provide more insight on the challenges of interdisciplinary theoretical work? We will study the development and various uses of the Ising model within physics, contrasting them to its applications to socio-economic systems. (...)
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  • Holistic Idealization: An Artifactual Standpoint.Tarja Knuuttila & Natalia Carrillo - 2022 - Studies in History and Philosophy of Science Part A 91 (C):49-59.
    Idealization is commonly understood as distortion: representing things differently than how they actually are. In this paper, we outline an alternative artifactual approach that does not make misrepresentation central for the analysis of idealization. We examine the contrast between the Hodgkin-Huxley (1952a, b, c) and the Heimburg-Jackson (2005, 2006) models of the nerve impulse from the artifactual perspective, and argue that, since the two models draw upon different epistemic resources and research programs, it is often difficult to tell which features (...)
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  • Isolating Representations Versus Credible Constructions? Economic Modelling in Theory and Practice.Tarja Knuuttila - 2009 - Erkenntnis 70 (1):59-80.
    This paper examines two recent approaches to the nature and functioning of economic models: models as isolating representations and models as credible constructions. The isolationist view conceives of economic models as surrogate systems that isolate some of the causal mechanisms or tendencies of their respective target systems, while the constructionist approach treats them rather like pure constructions or fictional entities that nevertheless license different kinds of inferences. I will argue that whereas the isolationist view is still tied to the representationalist (...)
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