Behind the Model: A Constructive Critique of Economic Modeling

Author:   Peter Spiegler (University of Massachusetts, Amherst)
Publisher:   Cambridge University Press
ISBN:  

9781107069664


Pages:   232
Publication Date:   03 September 2015
Format:   Hardback
Availability:   Manufactured on demand   Availability explained
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Behind the Model: A Constructive Critique of Economic Modeling


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Author:   Peter Spiegler (University of Massachusetts, Amherst)
Publisher:   Cambridge University Press
Imprint:   Cambridge University Press
Dimensions:   Width: 17.90cm , Height: 1.60cm , Length: 25.10cm
Weight:   0.610kg
ISBN:  

9781107069664


ISBN 10:   1107069661
Pages:   232
Publication Date:   03 September 2015
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Hardback
Publisher's Status:   Active
Availability:   Manufactured on demand   Availability explained
We will order this item for you from a manufactured on demand supplier.

Table of Contents

Introduction; Part I. A Constructive Critique of Common Modeling Practice: 1. Models and modeling; 2. The use of mathematics in theoretical modeling; 3. The use of mathematics in empirical modeling; Part II. The Critique Applied: 4. The new, new institutional economics; 5. The financial crisis and economics; Part III. A Reform Proposal: 6. Why reform?; 7. A reform proposal; Conclusion.

Reviews

Advance praise: 'The 2007-09 global financial crisis and Great Recession demonstrated that the most prestigious economic models were incapable of recognizing, much less preventing, the debacle. How could this be possible? Peter Speigler's critique of mainstream mathematical modeling methodology delivers a compelling explanation. More important still, Speigler advances alternative theoretical and empirical methodologies that are capable of reframing economics as a viable scientific endeavor. Behind the Model is a deeply insightful work that should force all open-minded economists to rethink their most basic presuppositions and practices.' Robert Pollin, Distinguished Professor of Economics and Co-Director, Political Economy Research Institute (PERI), University of Massachusetts, Amherst Advance praise: 'This book takes us quickly beyond all the standard criticisms of the use of mathematical formalism in economics to broader questions of how mathematical and verbal argumentation connect to our understanding of the real world. Behind the Model is the most sophisticated discussion of the role of mathematical formalism in economics in decades, and its influence will be long lasting.' William Milberg, Dean and Professor of Economics, The New School for Social Research


Author Information

Peter Spiegler is Assistant Professor of Economics at the University of Massachusetts, Amherst.

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