Models and Beliefs they Produce

Abstract

This paper does not focus neither on models nor on modelling procedures but rather on the nature of knowledge about the world models give us. It puts forward the thesis that models are producers of beliefs about their targets. These beliefs may differ both in degree and scope. They are offered by various kinds of models, including models understood in terms of isolations as well as minimal models. This paper puts emphasis on what kind of entities beliefs produced by economic models are.