Rol, Menno - In: Journal of Economic Methodology 15 (2008) 1, pp. 69-97
the latter to the former can be repeated at a higher level of abstraction than that of the laws as we know these from … physics textbooks. Thus, idealization and abstraction can be seen as relatively independent methods of reasoning, the one to … external validity. Further, I show that abstraction in theorizing, under certain conditions, may increase the policy relevance …