How Could Models in Economics Possibly Provide ‘How-Actually’ Explanations?

Much of the debate about model-based explanations in economics revolves around How-Possibly Explanations (HPEs). HPEs propose a potential way in which something could occur. I argue that these debates often occur without adequately considering the various ways in which economic models can provide H...

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Bibliographic Details

Published in:	Problemos
Main Author:	Dinçer Çevik
Format:	Article
Language:	English
Published:	Vilnius University Press 2025-09-01
Subjects:	How-possibly explanations how-actually explanations model-based explanations in economics perfectly competitive model Core Periphery model
Online Access:	https://www.journals.vu.lt/problemos/article/view/36916