Download or read book Theories and Models in Economics written by Hans Lind and published by Edward Elgar Publishing. This book was released on 2024-04-12 with total page 135 pages. Available in PDF, EPUB and Kindle. Book excerpt: This innovative book uses in-depth empirical studies of scientific articles and takes inspiration from Nobel laureates to explore how theories and models are used in economics. Hans Lind ultimately illustrates that economics studies a ‘chaos-theoretic’ system where a theory is a framework that helps formulate hypotheses rather than a set of statements about how an economy works.