David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Jack Alan Reynolds
Learn more about PhilPapers
Journal of Economic Methodology 2 (2):281-286 (1995)
Armen Alchian's article ?Uncertainty, evolution and economic theory? is widely acknowledged as a classic contribution to economics. Its prominence is due in part to Milton Friedman citing it as an influence on his thesis that processes of natural selection produce profit-maximising firms, and this in turn has been widely labelled ?The Alchian-Friedman Argument? or ?The Alchian thesis? in the economic literature. In fact, ?The Alchian thesis? - that natural selection produces profit-maximising firms - is one to which Alchian did not subscribe. It was instead a doctrine which he carefully and clearly rejected. This paper provides a necessary corrective to the widespread misrepresentation of Alchian's views. It is suggested that the major reason for the misrepresentation is that Friedman's interpretation of Alchian views have been accepted at face value without proper attention being given to what Alchian actually said.
|Keywords||No keywords specified (fix it)|
|Categories||categorize this paper)|
Setup an account with your affiliations in order to access resources via your University's proxy server
Configure custom proxy (use this if your affiliation does not provide a proxy)
|Through your library|
References found in this work BETA
No references found.
Citations of this work BETA
No citations found.
Similar books and articles
Joakim Sandberg (2008). Understanding the Separation Thesis. Business Ethics Quarterly 18 (2):213-232.
Uskali Mäki (1994). Methodology Might Matter, but Weintraub's Meta-Methodology Shouldn't. Journal of Economic Methodology 1 (2):215-232.
Eric Schliesser (2005). Galilean Reflections on Milton Friedman’s "Methodology of Positive Economics," with Thoughts on Vernon Smith’s "Economics in the Laboratory". Philosophy of the Social Sciences 35 (1):50-74.
Philippe Mongin (2006). Value Judgements and Value Neutrality in Economics. Economica 73 (290):257-286.
Anna Rykowska (2008). O wariantach tezy o nieokreśloności odniesienia przedmiotowego. Filozofia Nauki 1.
Mark Textor (2000). Knowledge Transmission and Linguistic Sense. Theoria 15 (2):287-302.
Rogério Passos Severo (2008). “Plausible Insofar as It is Intelligible”: Quine on Underdetermination. Synthese 161 (1):141 - 165.
Richard Nunan (1988). The Libertarian Conception of Corporate Property: A Critique of Milton Friedman's Views on the Social Responsibility of Business. Journal of Business Ethics 7 (12):891 - 906.
Joakim Sandberg (2008). The Tide is Turning on the Separation Thesis? Business Ethics Quarterly 18 (4):561-565.
Michael Glanzberg (2004). Quantification and Realism. Philosophy and Phenomenological Research 69 (3):541–572.
Mark Schroeder (2011). Buck-Passers' Negative Thesis. Philosophical Explorations 12 (3):341-347.
Philippe Mongin (1988). Le Réalisme Des Hypothèses Et la Partial Interpretation View. Philosophy of the Social Sciences 18 (3):281-325.
William Harper (1998). Judging Who Should Live: Schneiderman and Jecker on the Duty Not to Treat. Journal of Medicine and Philosophy 23 (5):500 – 515.
Panos Dimas (2003). Recollecting Forms in the Phaedo. Phronesis 48 (3):175-214.
Added to index2012-02-20
Total downloads2 ( #511,927 of 1,699,828 )
Recent downloads (6 months)1 ( #362,609 of 1,699,828 )
How can I increase my downloads?