The World and the Model
How Economists Work and Think
Book •
Mary Morgan's 'The World and the Model' explores the evolution of economics from its classical roots to its modern, model-driven form.
Through case studies, Morgan guides readers through the discipline's most well-known and historically significant models.
She examines how economists create and use these models to understand and interpret the world.
The book addresses the philosophical gap between economic models and real-world phenomena, questioning how these models shape our understanding.
It also touches on the 'Freakonomics phenomenon,' where economic models are translated into everyday accounts.
Morgan emphasizes that models are practical tools for reasoning and inquiry in economics.
Through case studies, Morgan guides readers through the discipline's most well-known and historically significant models.
She examines how economists create and use these models to understand and interpret the world.
The book addresses the philosophical gap between economic models and real-world phenomena, questioning how these models shape our understanding.
It also touches on the 'Freakonomics phenomenon,' where economic models are translated into everyday accounts.
Morgan emphasizes that models are practical tools for reasoning and inquiry in economics.
