nigel lewis carroll Halfmoon-Smitherington
" Internal consistency rather than external consistency
is the admissibility criteria for microfounded models."
translation :
"macroeconomic models will be rejected
if some parts are theoretically inconsistent with other parts
but not if some model property is inconsistent with the data."
".. the motivation for a paper will often be a ‘puzzle’,
which is an empirical fact that cannot as yet by explained
by a model....however .the paper is not required
to be consistent will all other relevant facts"
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thru the looking glass:
stick figure parables
just so fables
ab-rah kadab-rah
