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 … spreadsheet to see if an article was scored unfairly. We find that 27 articles fail the first test (Theory of what?) and 58 …
