The Historical context of Milton Friedman's Methodology of Positive Economics

Journal title STORIA DEL PENSIERO ECONOMICO
Author/s Roger E. Backhouse
Publishing Year 2006 Issue 2006/1
Language English Pages 16 P. File size 93 KB
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<i> The Historical Context of Milton Friedman’s Methodology of Positive Economics </i> (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, The Historical context of Milton Friedman's Methodology of Positive Economics in "STORIA DEL PENSIERO ECONOMICO" 1/2006, pp , DOI: