
The major methodological task for modern economists has been to establish the testability of models. Too often, however, methodological assumptions can make a model virtually impossible to test even under ideal conditions, yet few theorists have examined the requirements and...

Model building has been the backbone of modern economic theory over the last 25 years, and the major methodological task for each model builder has been to establish the testability of each model developed. Too often, though, seemingly innocent modelling assumptions can make...

Addresses the problem of assuring testability for complex economic models, relating this to wider debates in the sciences and social sciences on empiricism and the truth status of models.

In The Methodology of Economic Model Building, first published in 1989, Lawrence Boland presents the results of a research project that spanned more than twenty years. He examines how economists have applied the philosophy of Karl Popper, relating methodological debates...