Routledge Dictionary of Economics, Second Edition
An empirical economic model based on case studies rather than on a priori assump tions such as those of rational choice theory By a process of induction themes emerge to reveal the unity of part of the economic system.
These models aim to produce interconnected patterns which approximate to the real economic system.
References
Wilber, C.K. and Harrison, R.S. (1978) ‘The methodological basis of institutional economics: pattern model, story-telling, and holism’, Journal of Economic Issues 12:61–89.
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