Authors
David Teira
Sorbonne Université
Abstract
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.
Keywords Milton Friedman  Prediction in economics
Categories (categorize this paper)
Options
Edit this record
Mark as duplicate
Export citation
Find it on Scholar
Request removal from index
Translate to english
Revision history

Download options

PhilArchive copy

 PhilArchive page | Other versions
External links

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

The Structure of Science.Ernest Nagel - 1961 - Les Etudes Philosophiques 17 (2):275-275.
An Architectonic for Science.Wolfgang Balzer, C. Ulises Moulines & Joseph D. Sneed - 1990 - Philosophy of Science 57 (2):349-350.
Fundamentals of Concept Formation in Empirical Science.Edward Poznański - 1958 - Journal of Symbolic Logic 23 (3):353-354.

View all 8 references / Add more references

Citations of this work BETA

No citations found.

Add more citations

Similar books and articles

Analytics

Added to PP index
2009-07-26

Total views
160 ( #73,225 of 2,507,480 )

Recent downloads (6 months)
59 ( #14,078 of 2,507,480 )

How can I increase my downloads?

Downloads

My notes