Klein, Daniel B.; Romero, Pedro P. - In: Econ Journal Watch 4 (2007) 2, pp. 241-271
Drawing on the work of people with strong mainstream reputations, we distinguish model and theory. We argue that a model may qualify as theory only if it purports to answer three questions: Theory of what?, Why should we care?, What merit in your explanation? We examine the 66 regular articles...