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Unrealistic assumptions and unnecessary confusions : rereading and rewriting F53 as a realist statement

In The methodology of positive economics : Reflections on the Milton Friedman legacy. Cambridge University Press (2009)

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  1. Competition as an Evolutionary Process: Mark Blaug and Evolutionary Economics.Jack J. Vromen - 2013 - Erasmus Journal for Philosophy and Economics 6 (3):104.
    Mark Blaug and I agree that if there is a realist interpretation of economic behavior to be discerned in Friedman, it is to be found not in Friedman's belief that the profit motive overrides other possible motives, but in his belief that a selection mechanism is working in competitive markets. Our joint sympathy for evolutionary economics is largely based on a conviction that the conception of competition as a dynamic evolutionary process is rather plausible. We disagree, however, on two issues: (...)
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  • Revisiting Friedman’s 'On the Methodology of Positive Economics' ('F53').Paul Hoyningen-Huene - 2021 - Methodus 10 (2):146-182.
    In this paper, I shall defend two main claims. First, Friedman’s famous paper “On the methodology of positive economics” (“F53”) cannot be properly understood without taking into account the influence of three authors who are neither cited nor mentioned in the paper: Max Weber, Frank Knight, and Karl Popper. I shall trace both their substantive influence on F53 and the historical route by which this influence took place. Once one has understood these ingredients, especially Weber’s ideal types, many of F53’s (...)
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  • Puzzled by Idealizations and Understanding Their Functions.Uskali Mäki - 2020 - Philosophy of the Social Sciences 50 (3):215-237.
    Idealization is ubiquitous in human cognition, and so is the inclination to be puzzled by it: what to make of ideal gas, infinitely large populations, homo economicus, perfectly just society, known to violate matters of fact? This is apparent in social science theorizing, recent philosophy of science analyzing scientific modeling, and the debate over ideal and non-ideal theory in political philosophy. I will offer a set of concepts and principles to improve transparency about the precise contents of idealizations and their (...)
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  • Menger’s Anti-Historical Method Versus the Neoclassical Anti-Historical Method.Mateusz Machaj - 2019 - Studies in Logic, Grammar and Rhetoric 57 (1):65-74.
    Due to the famous methodenstreit it is often well argued that Menger’s approach to social sciences can be seen as anti-historical, as according to him pure empirical studies are insufficient to establish a firm economic theory. By suggesting that some theorems have to precede historical studies, Menger may be seen as a representative of the a priori tradition in scientific method. The modern method in the mainstream of economic thinking is also to a large extent anti-historical and a priori, but (...)
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  • A Plea for Realistic Assumptions in Economic Modelling.Leonardo Ivarola - 2018 - Theoria: Revista de Teoría, Historia y Fundamentos de la Ciencia 33 (3):417-433.
    The use of unrealistic assumptions in Economics is usually defended not only for pragmatic reasons, but also because of the intrinsic difficulties in determining the degree of realism of assumptions. Additionally, the criterion used for evaluating economic models is associated with their ability to provide accurate predictions. This mode of thought involves –at least implicitly– a commitment to the existence of unvarying invariant factors or regularities. Contrary to this, the present paper presents a critique to the use of invariant knowledge (...)
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  • Modeling Without Representation.Alistair M. C. Isaac - 2013 - Synthese 190 (16):3611-3623.
    How can mathematical models which represent the causal structure of the world incompletely or incorrectly have any scientific value? I argue that this apparent puzzle is an artifact of a realist emphasis on representation in the philosophy of modeling. I offer an alternative, pragmatic methodology of modeling, inspired by classic papers by modelers themselves. The crux of the view is that models developed for purposes other than explanation may be justified without reference to their representational properties.
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  • Against the Pragmatic Justification for Realism in Economic Methodology.Simon Deichsel - 2011 - Erasmus Journal for Philosophy and Economics 4 (1):23.
    In recent times, realism in economic methodology has increasingly gained importance. Uskali Mäki and Tony Lawson are the best-known realists within the discipline and even though their approaches are fundamentally different, both provide pragmatic defences of realism by claiming anti-realism to be the reason for the low quality of economic models. My paper will show that a pragmatic defence of realism is untenable and furthermore, I will show that for both Mäki's and Lawson's normative ideas there is no need for (...)
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  • The Eclipse of Value-Free Economics. The Concept of Multiple Self Versus Homo Economicus.Aleksander Ostapiuk - 2020 - Wrocław, Polska: Publishing House of Wroclaw University of Economics and Business.
    The books’ goal is to answer the question: Do the weaknesses of value-free economics imply the need for a paradigm shift? The author synthesizes criticisms from different perspectives (descriptive and methodological). Special attention is paid to choices over time, because in this area value-free economics has the most problems. In that context, the enriched concept of multiple self is proposed and investigated. However, it is not enough to present the criticisms towards value-free economics. For scientists, a bad paradigm is better (...)
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  • Value-Free Paradise is Lost. Economists Could Learn From Artists.Aleksander Ostapiuk - 2020 - Annales. Ethics in Economic Life 23 (4):7-33.
    Despite the conclusions from the contemporary philosophy of science, many economists cherish the ideal of positive science. Therefore, value-free economics is still the central paradigm in economics. The first aim of the paper is to investigate economics' axiomatic assumptions from an epistemological perspective. The critical analysis of the literature shows that the positive-normative dichotomy is exaggerated. Moreover, value-free economics is based on normative foundations that have a negative impact on individuals and society. The paper's second aim is to show that (...)
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  • Droga ekonomii wolnej od wartościowania do epistemologicznej pychy. Użycie i nadużycie matematyki przez ekonomistów.Aleksander Ostapiuk - 2019 - Philosophical Problems in Science 67:153-202.
    The goal of the article is to substantiate that despite the criticism the paradigm in economics will not change because of the axiomatic assumptions of value-free economics. How these assumptions work is demonstrated on the example of Gary Becker’s economic approach which is analyzed from the perspective of scientific research programme. The author indicates hard core of economic approach and the protective belt which makes hard core immune from any criticism. This immunity leads economists to believe that they are objective (...)
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