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Did F. A. Hayek Embrace Popperian Falsificationism? A Critical Comment About Certain Theses of Popper, Duhem and Austrian Methodology

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  • van den Hauwe, Ludwig

Abstract

Hayek´s methodological outlook at the time he engaged in business cycle research was actually closer to praxeological apriorism than to Popperian falsificationism. A consideration of the Duhem thesis highlights the fact that even from a mainstream methodological perspective falsificationism is more problematic than is often realized. Even if the praxeological and mainstream lines of argumentation reject the Popperian emphasis on falsification for different reasons and from a different background, the prospects for falsificationism in economic methodology seem rather bleak.

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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 6067.

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Date of creation: 2007
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Publication status: Published in Procesos de Mercado - Revista Europea de Economía Política Primavera.IV Núm(2007): pp. 57-78
Handle: RePEc:pra:mprapa:6067

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Keywords: General methodology; falsificationism; Popper; Hayek; Duhem; Duhemian Argument; Testing of Theories; Meaning and Interpretation of Econometric Results; Correlation and Causality;

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  1. de Soto Jesus Huerta, 1998. "The Ongoing Methodenstreit of The Austrian School," Journal des Economistes et des Etudes Humaines, De Gruyter, De Gruyter, vol. 8(1), pages 40, March.
  2. Cross, Rodney, 1982. "The Duhem-Quine Thesis, Lakatos and the Appraisal of Theories in Macroeconomics," Economic Journal, Royal Economic Society, Royal Economic Society, vol. 92(366), pages 320-40, June.
  3. Keuzenkamp, Hugo A. & Magnus, Jan R., 1995. "On tests and significance in econometrics," Journal of Econometrics, Elsevier, Elsevier, vol. 67(1), pages 5-24, May.
  4. anonymous, 1992. "Interview with Milton Friedman," The Region, Federal Reserve Bank of Minneapolis, Federal Reserve Bank of Minneapolis, issue June.
  5. Summers, Lawrence H, 1991. " The Scientific Illusion in Empirical Macroeconomics," Scandinavian Journal of Economics, Wiley Blackwell, Wiley Blackwell, vol. 93(2), pages 129-48.
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