Why Friedman’s methodology did not generate consensus among economists?

Teira Serrano, David . (2008) Why Friedman’s methodology did not generate consensus among economists?. Journal of the History of Economic Thought

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Título Why Friedman’s methodology did not generate consensus among economists?
Autor(es) Teira Serrano, David
Resumen In this paper I study how the theoretical categories of consumption theory were used by Milton Friedman in order to classify empirical data and obtain predictions. Friedman advocated a case by case definition of these categories that traded theoretical coherence for empirical content. I contend that this methodological strategy puts a clear incentive to contest any prediction contrary to our interest: it can always be argued that these predictions rest on a wrong classification of data. My conjecture is that this methodological strategy can contribute to explain why Friedman’s predictions never generated the consensus he expected among his peers
Palabras clave Milton Friedman
Prediction in economics
Fecha 2008-05-15
Formato application/pdf
Identificador bibliuned:20074
Publicado en la Revista Journal of the History of Economic Thought
Idioma spa
Versión de la publicación publishedVersion
Tipo de recurso Article
Derechos de acceso y licencia http://creativecommons.org/licenses/by-nc-nd/4.0
info:eu-repo/semantics/openAccess
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Creado: Thu, 15 May 2008, 19:36:12 CET