Models are also dangerously seductive. You’re gaining precision at the expense of correspondence to reality, which can only be a temporary trade off if you’re ever going to put your knowledge to work.
I most strongly object to modeling as used in economics. Modeling is no longer about getting traction on difficult concepts—building these stylized models has become a goal in and of itself, and mathematical formalization is almost a prerequisite for getting published in a major journal.
Models are also dangerously seductive. You’re gaining precision at the expense of correspondence to reality, which can only be a temporary trade off if you’re ever going to put your knowledge to work.
I most strongly object to modeling as used in economics. Modeling is no longer about getting traction on difficult concepts—building these stylized models has become a goal in and of itself, and mathematical formalization is almost a prerequisite for getting published in a major journal.