Full text: Study week on the econometric approach to development planning

: Model in its Environment 
> Experience 
the system would behave if left to itself but also what would be 
the problems and results of trying to change it in various res- 
pects, the model must be readily computable. Model-building 
is a scientific activity but I do not think that a usable model 
of an economic system can be built by a group of scientists 
working in isolation, for the simple reason that, however well- 
endowed the group may be, it cannot possibly know as much 
as it needs to know about all aspects of the economy without 
the cooperation of many people engaged in a variety of practical 
tasks. The model-builders can of course build a prototype, but 
they will be very unwise if they do not seek a great deal of 
practical advice before they go fully into production. 
The combination of a model with a set of objectives gives 
rise to a policy. This is where the politician comes in: he for- 
mulates the objectives. He may specify objectives in detail or 
he may delegate his responsibility, as when, with whatever safe- 
1] Stone - pag. 4

Note to user

Dear user,

In response to current developments in the web technology used by the Goobi viewer, the software no longer supports your browser.

Please use one of the following browsers to display this page correctly.

Thank you.