The methodology of positive economics : reflections on the Milton Friedman legacy / edited by Uskali Mäki.

Format:

Book

Contributor:

Mäki, Uskali, editor.

Language:

English

Subjects (All):

Friedman, Milton, 1912-2006. Essays in positive economics.

Friedman, Milton.

Free enterprise.

Physical Description:

1 online resource (xviii, 363 pages) : digital, PDF file(s).

Place of Publication:

Cambridge : Cambridge University Press, 2009.

Language Note:

English

Summary:

Milton Friedman's 1953 essay 'The methodology of positive economics' remains the most cited, influential, and controversial piece of methodological writing in twentieth-century economics. Since its appearance, the essay has shaped the image of economics as a scientific discipline, both within and outside of the academy. At the same time, there has been an ongoing controversy over the proper interpretation and normative evaluation of the essay. Perceptions have been sharply divided, with some viewing economics as a scientific success thanks to its adherence to Friedman's principles, others taking it as a failure for the same reason. In this book, a team of world-renowned experts in the methodology of economics cast new light on Friedman's methodological arguments and practices from a variety of perspectives. It provides the 21st century reader with an invaluable assessment of the impact and contemporary significance of Friedman's seminal work.

Contents:

The methodology of positive economics (1953) / Milton Friedman

Reading the methodological essay in twentieth-century economics: map of multiple perspectives / Uskali Mäki

Early drafts of Friedman's methodology essay / J. Daniel Hammond

Unrealistic assumptions and unnecessary confusions: rereading and rewriting F53 as a realist statement / Uskali Mäki

The influence of Friedman's methodological essay / Tom Mayer

Did Milton Friedman's positive methodology license the formalist revolution? / D. Wade Hands

Appraisal of evidence in economic methodology / Melvin W. Reder

The politics of positivism: disinterested predictions from interested agents / David Teira Serrano and Jesús Zamora Bonilla

Friedman's 1953 essay and the marginalist controversy / Roger E. Backhouse

Friedman (1953) and the theory of the firm / Oliver E. Williamson

Friedman's selection argument revisited / Jack Vromen

Expected utility and Friedman's risky methodology / Chris Starmer

Milton Friedman's stance: the methodology of causal realism / Kevin D. Hoover

On the right side for the wrong reason: Friedman on the Marshall-Walras divide / Michel De Vroey

The debate over F53 after fifty years / Mark Blaug

Final word / Milton Friedman.

Notes:

Title from publisher's bibliographic system (viewed on 05 Oct 2015).

Includes bibliographical references and index.

ISBN:

1-107-19722-8

0-521-68686-5

1-282-31651-6

9786612316517

0-511-53904-5

0-511-54078-7

0-511-54044-2

0-511-53821-9

0-511-53988-6

OCLC:

609840612