Representation and Structure in Economics

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This groundbreaking book provides a perspective on two alternative and competing views of the role of models in the development of theories and the advance of scientific understanding - namely, the syntactic and semantic approaches. Chao emphasizes the latter. However, the book is not a mere exercise in abstract theorizing. Applications are made to the social science of economics and a sequence of case studies by earlier scholars of the economics of consumption. These scholars include one of the founding fathers of econometrics, Trygve Haavelmo and the pre-eminent econometric methodologist of the present day, David Hendry.