The philosophical literature on simulations has increased dramatically during the past 40
years. Many of its main topics are epistemological. For example, philosophers consider how …

In a capitalist system, consumers, investors, and corporations orient their activities toward a
future that contains opportunities and risks. How actors assess uncertainty is a problem that …

Models are of central importance in many scientific contexts. The centrality of models such
as inflationary models in cosmology, general-circulation models of the global climate, the …

In arguably his most important book to date, Hodgson calls into question the tendency of
economic method to try and explain all economic phenomena by using the same catch-all …

Over the last 50 years, the community of heterodox economists has expanded, and its
publications have proliferated. But its power in departments of economics has waned …

Philosophy of Economics: A Contemporary Introduction is the first systematic textbook in the
philosophy of economics. It introduces the epistemological, metaphysical and ethical …

Using as examples Akerlof's' market for''lemons'''and Schelling's' checkerboard'model of
racial segregation, this paper asks how economists' abstract theoretical models can explain …

The concept of the individual and his/her motivations is a bedrock of philosophy. All strands
of thought at heart come down to a particular theory of the individual. Economics, though, is …

This article shows how the MISS account of models—as isolations and surrogate systems—
accommodates and elaborates Sugden's account of models as credible worlds and …

The new institutional economics offers one of the most exciting research agendas in
economics today. Yet can it really explain processes of economic change? Economic …