{"id":11980,"date":"2011-11-08T09:34:44","date_gmt":"2011-11-08T13:34:44","guid":{"rendered":"http:\/\/quotulatiousness.ca\/blog\/?p=11980"},"modified":"2011-11-08T13:05:57","modified_gmt":"2011-11-08T17:05:57","slug":"the-difference-between-economic-models-and-theories","status":"publish","type":"post","link":"https:\/\/quotulatiousness.ca\/blog\/2011\/11\/08\/the-difference-between-economic-models-and-theories\/","title":{"rendered":"The difference between economic models and theories"},"content":{"rendered":"<p>Emanuel Derman looks at the &#8220;physics of an economic crisis&#8221; and explains the difference between <a href=\"http:\/\/blogs.reuters.com\/great-debate\/2011\/11\/03\/the-physics-of-an-economic-crisis\/\" target=\"_blank\">economic theories and economic models<\/a>. I had originally quoted a few passages from the article, but the site forbids re-use without written permission.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Emanuel Derman looks at the &#8220;physics of an economic crisis&#8221; and explains the difference between economic theories and economic models. I had originally quoted a few passages from the article, but the site forbids re-use without written permission.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[25,28],"tags":[727,71,379],"class_list":["post-11980","post","type-post","status-publish","format-standard","hentry","category-economics","category-media","tag-cronycapitalism","tag-debt","tag-stimulus"],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p2hpV6-37e","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/11980","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/comments?post=11980"}],"version-history":[{"count":4,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/11980\/revisions"}],"predecessor-version":[{"id":11987,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/11980\/revisions\/11987"}],"wp:attachment":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/media?parent=11980"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/categories?post=11980"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/tags?post=11980"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}