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A Tale of Two Cities: A Priori Assumptions and A Priori Conclusions

In: In Search of the Two-Handed Economist

Author

Listed:
  • Craig Freedman

    (University of New South Wales)

Abstract

In 1964, George Stigler chose the occasion of his AEA presidential address to challenge the assembled battalions of economists, entranced by his words, to engage in the moral equivalent of a crusade within the profession. He called for the eradication of economics by assertion. From this time onward, no economist would be worth that name unless each and every hypothesis put forward was supported and tested by available evidence. No longer would economics be simply stated or buttressed by “just so” stories. The putting forward of testable hypotheses and evaluating each one with given available data is what would become known, in the best sense of the term, as the Chicago method.

Suggested Citation

  • Craig Freedman, 2016. "A Tale of Two Cities: A Priori Assumptions and A Priori Conclusions," Palgrave Studies in the History of Economic Thought, in: In Search of the Two-Handed Economist, pages 25-74, Palgrave Macmillan.
    • Handle: RePEc:pal:pshchp:978-1-137-58974-3_2
    DOI: 10.1057/978-1-137-58974-3_2
    as

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