Publicación: Why Friedman’s methodology did not generate consensus among economists?
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2008-05-15
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info:eu-repo/semantics/openAccess
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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
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Categorías UNESCO
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Milton Friedman, Prediction in economics
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Facultad de Filosofía
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Lógica, Historia y Filosofía de la Ciencia