The models discussed in this book are verbal and mathematical representations of markets. [fact]
The models discussed in this book are verbal and mathematical representations of markets or of economic processes. These representations are deliberately simplified so that economic reasoning about those markets or processes can take a precise, mathematical form. (Appendix E contains a very simple example of such a model, although to keep that appendix accessible I have expressed the model numerically rather than algebraically.)
Donald MacKenzie, An Engine, Not a Camera, loc. 40