Carl Menger and the exact science of economics
In Significance and Basic Postulates of Economic Theory (1938) Terence W. Hutchison presents a logical-empiricist perspective on economic methodology and takes specific issue with Austrian economists who believe that economic theories cannot and should not be falsified through empirical testing. … Continue reading
Posted in Economics, Science
Tagged Austrian Economics, Carl Menger, Economic Methodology, Ernst Mach, Karl Popper, Logical Empiricism, Logical Positivism, Pseudo-Science, Terence W. Hutchison
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