id author title date pages extension mime words sentences flesch summary cache txt work_f3yl5edxjraklmuzpmet7dlbqm Robert Northcott The efficiency question in economics 2018 13 .pdf application/pdf 5850 482 55 important to economics than either of these, which I label the efficiency question: regardless of how exactly models represent, or of whether their role is explanatory or something else, is current modeling practice an efficient way to achieve these goals or should research efforts be redirected? For this very reason, at least for the purpose of efficiency analysis in economics, philosophical attention should be diverted away from theories of explanation. Then I explain how the efficiency question has been neglected by the philosophy of economics literature, before showing how it has been neglected by the wider scientific Axelrod models the situation in the WWI trenches as an iterated Prisoner's Dilemma. modeling orthodoxy over empirical fit—a prioritization that is frequently apparent in economic practice (Reiss 2008, 106–22; Northcott, forthcoming a). economic models do not explain (Northcott and Alexandrova 2013). "Economic Modelling as Robustness Analysis." British Journal for the Philosophy of Science 61:541–67. ./cache/work_f3yl5edxjraklmuzpmet7dlbqm.pdf ./txt/work_f3yl5edxjraklmuzpmet7dlbqm.txt