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'The methodology of positive economics' (1953) does not give us the methodology of positive economics

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  • Uskali Maki

Abstract

It is argued that rather than a well defined F-Twist, Milton Friedman's 'Methodology of positive economics' 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.

Suggested Citation

  • Uskali Maki, 2003. "'The methodology of positive economics' (1953) does not give us the methodology of positive economics," Journal of Economic Methodology, Taylor & Francis Journals, vol. 10(4), pages 495-505.
  • Handle: RePEc:taf:jecmet:v:10:y:2003:i:4:p:495-505
    DOI: 10.1080/1350178032000130484
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    Cited by:

    1. Guilhem Lecouteux & LĂ©onard Moulin, 2013. "From welfare to preferences, do decision flaws matter? The case of tuition fees," Working Papers hal-00807687, HAL.

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