search query: @indexterm ECONOMETRICS / total: 250
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| Author: | Pelloni, G. |
| Title: | De Finetti, Friedman, and the methodology of positive economics |
| Journal: | Journal of Econometrics
1996 : NOV, VOL. 75:1, p. 33-50 |
| Index terms: | ECONOMETRICS METHODOLOGY ECONOMICS |
| Language: | eng |
| Abstract: | Friedman's philosophical view has been the object of several, sometimes contradictory, interpretations. Whatever the interpretation, a specific aspect of Friedman's methodological and epistemological framework has been overlooked: Friedman's adherence to the neo-Bayesian interpretation of probability and induction. This paper, by rectifying this oversight, claims that Friedman's instrumentalism was a pioneering attempt to introduce a blend of positivism, pragmatism, and "radical probabilism" into economic analysis. |
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