‘Approximate truth’ in economics

Created
Wed, 12/07/2023 - 19:16
Updated
Wed, 12/07/2023 - 19:16
According to this line of defence, all models are false but to some extent ‘approximately true’ – and approximately true models are harmless from the point of view of the realist’s aims … This argument is to a large extent confused. It is correct that there are cases in which a false assumption can indeed […]

Tags