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The Historical context of Milton Friedman's Methodology of Positive Economics
Journal Title: STORIA DEL PENSIERO ECONOMICO 
Author/s:  Roger E. Backhouse 
Year:  2006 Issue: Language: English 
Pages:  16 FullText PDF:  93 KB

The Historical Context of Milton Friedman’s Methodology of Positive Economics (di Roger E. Backhouse) - ABSTRACT: Friedman’s essay on the methodology of positive economics arose out of a series of controversies that took place in economics in the 1930s and 1940s: these concerned the use of marginal analysis, the theory of monopolistic competition and the methods being developed by the Cowles Commission. This essay places Friedman’s essay in the context of these controversies, showing how these controversies framed the issues that Friedman addressed in his essay, and it outlines the reasons why his essay was important, both in resolving some of these controversies and in setting the agenda for economic research in the following years.

Roger E. Backhouse, in "STORIA DEL PENSIERO ECONOMICO" 1/2006, pp. , DOI:

   

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