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Instrumentalism about Economics

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  1. David Teira (2009). Why Friedman's Methodology Did Not Generate Consensus Among Economists? Journal of the History of Economic Thought 31 (2):201-214.
    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 (...)
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  2. David Teira (2007). Milton Friedman, the Statistical Methodologist. History of Political Economy 39 (3):511-28.
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