Unrealistic Assumptions and Unnecessary Confusions: Rereading and Rewriting F53?
AbstractIt 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 new common ground for more focused debate in economics.
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Bibliographic InfoPaper provided by Aix-Marseille Université, CERGAM in its series CAE Working Papers with number 15.
Length: 28 pages
Date of creation: 2004
Date of revision:
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Unrealistic assumptions; predictive tests; truth; as-if; unification; underdetermination; social construction;
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