The Methodology of Economics and the Case for Policy Diffidence and Restraint

Warren Samuels

Chapter 7 in Essays on the Methodology and Discourse of Economics, 1992, pp 108-129 from Palgrave Macmillan

Abstract: Abstract The ‘testing of hypotheses’ is frequently merely a euphemism for obtaining plausible numbers to provide ceremonial adequacy for a theory chosen and defended on a priori grounds. (Harry G. Johnson) ... our choice is between forming these notions carelessly and forming them carefully. The harder the task, the greater the need for steady patient inquiry. (Alfred Marshall)

Keywords: Policy Implication; Power Structure; Social Welfare Function; Wishful Thinking; Normative Nature (search for similar items in EconPapers)
Date: 1992
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-12371-1_8

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DOI: 10.1007/978-1-349-12371-1_8

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