2003-12-01
'The methodology of positive economics' (1953) does not give us the methodology of positive economics
Publication
Publication
Journal of Economic Methodology , Volume 10 - Issue 4 p. 495- 505+558
It is argued that rather than a well defined F-Twist, Milton Friedman's 'Methodology of positive economies' offers an F-Mix: a pool of ambiguous and inconsistent ingredients that can be used for putting together a number of different methodological positions. This concerns issues such as the very concept of being unrealistic, the goal of predictive tests, the as-if formulation of theories, explanatory unification, social construction, and more. Both friends and foes of Friedman's essay have ignored its open-ended unclarities. Their removal may help create common ground for more focused debate in economics.
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doi.org/10.1080/1350178032000130484, hdl.handle.net/1765/73319 | |
Journal of Economic Methodology | |
Organisation | Erasmus School of Philosophy |
Mäki, U. (2003). 'The methodology of positive economics' (1953) does not give us the methodology of positive economics. Journal of Economic Methodology (Vol. 10, pp. 495–505+558). doi:10.1080/1350178032000130484 |