Economics, Equilibrium Methods, and Multi-Scale Modeling.
In this paper, I draw a parallel between the stability of physical systems and that of economic ones, such as the US financial system. I argue that the use of equilibrium assumptions is central to the analysis of dynamic behavior for both kinds of systems, and that we ought to interpret such idealiz...
| Publicado en: | Erkenntnis Vol. 86; no. 2; pp. 457 - 473 |
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| Formato: | Artículo |
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Springer Nature
Apr2021
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=hlh&AN=149470657&site=ehost-live header: @attributes: shortDbName: hlh uiTerm: 149470657 longDbName: Humanities International Complete uiTag: AN controlInfo: bkinfo: jinfo: jid: 01650106 5KZ jtl: Erkenntnis issn: 01650106 maglogo: N pubinfo: dt: Apr2021 vid: 86 iid: 2 pid: 237 pub: Springer Nature artinfo: ui: 149470657 10.1007/s10670-019-00113-6 ppf: 457 ppct: 16 formats: fmt: – @attributes: type: T – @attributes: type: P size: 590KB tig: atl: Economics, Equilibrium Methods, and Multi-Scale Modeling. aug: au: Jhun, Jennifer affil: Department of Philosophy, Durand Art Institute, #100, Lake Forest College, 60045, Lake Forest, IL, USA su: Multiscale modeling Equilibrium Behavioral assessment Financial crises sug: subj: Multiscale modeling Equilibrium Behavioral assessment Financial crises ab: In this paper, I draw a parallel between the stability of physical systems and that of economic ones, such as the US financial system. I argue that the use of equilibrium assumptions is central to the analysis of dynamic behavior for both kinds of systems, and that we ought to interpret such idealizing strategies as footholds for causal exploration and explanation. Our considerations suggest multi-scale modeling as a natural home for such reasoning strategies, which can provide a backdrop for the assessment and (hopefully) prevention of financial crises. Equilibrium assumptions are critical elements of the epistemic scaffolding that make up multi-scale models, which we should understand as a means of constructing explanations of dynamic behavior. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: Y custom: Erkenntnis is a copyright of Springer, 2021. All Rights Reserved. item: Erkenntnis holder: Springer Nature dt: @attributes: year: 2021 holdings: @attributes: islocal: N |
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