Empirical Discussion of Economics Theory for R&D Policy in Positive Economics

2020 ◽  
Author(s):  
Kasun D Ramanayake R.A
Keyword(s):  
Positive Economics

Galilean Reflections on Milton Friedman’s "Methodology of Positive Economics", with Thoughts on Vernon Smith’s "Economics in the Laboratory"

2007 ◽  
pp. 55-70 ◽  
Author(s):  
E. Schliesser
Keyword(s):  
Experimental Evidence ◽  
Experimental Economics ◽  
Nobel Prize ◽  
Free Fall ◽  
Nobel Prize Winner ◽  
Theoretical Physics ◽  
History Of ◽  
Positive Economics

The article examines in detail the argument of M. Friedman as expressed in his famous article "Methodology of Positive Economics". In considering the problem of interconnection of theoretical hypotheses with experimental evidence the author illustrates his thesis using the history of the Galilean law of free fall and its role in the development of theoretical physics. He also draws upon methodological ideas of the founder of experimental economics and Nobel prize winner V. Smith.

Friedman, Positive Economics, and the Chicago Boys

2007 ◽  
Author(s):  
Eric S. Schliesser
Keyword(s):  
Positive Economics

Positive economics and praxeology: The clash of prediction and explanation

1985 ◽  
Vol 13 (2) ◽  
pp. 31-37 ◽  
Author(s):  
Robert Batemarco
Keyword(s):  
Positive Economics

The Emperor's Newest Clothes

1985 ◽  
Vol 1 (1) ◽  
pp. 128-133 ◽  
Author(s):  
Martin Hollis
Keyword(s):  
Foreign Relations ◽  
Positive Economics ◽  
Literary Devices

There is a simple joy in finding that the emperor has positively no clothes and especially when the finger is pointed in ribald good English. Donald McCloskey does this service in “The Rhetoric of Economics”, where he argues with force and wit that “modernism” (meaning, roughly, positivism, as in “Positive Economics”) will do as an account neither of what economists do nor of what it makes philosophical sense for them to attempt. Instead they should recognize that models are always metaphors and should make a virtue of the literary devices, which they in fact rely on. Armed with the craft of rhetoric and a new “poetics of economics,” they will achieve better writing, better teaching, better foreign relations, better science and better dispositions.

scholarly journals Frank Knightʼs Critique of the Free-Enterprise System and Positive Economics:

2011 ◽  
Vol 53 (1) ◽  
pp. 21-43
Author(s):  
Ryo Kuroki
Keyword(s):  
Enterprise System ◽  
Free Enterprise ◽  
Positive Economics

scholarly journals 100 Years since the Birth of Milton Friedman

2012 ◽  
Vol 12 (3) ◽  
pp. 185-203
Author(s):  
Marek Loužek
Keyword(s):  
The United States ◽  
Stabilization Policy ◽  
Price Theory ◽  
Consumption Function ◽  
American Economic Association ◽  
Monetary Stability ◽  
Milton Friedman ◽  
Economic Association ◽  
History Of ◽  
Positive Economics

Abstract The paper deals with the economic theory of Milton Friedman. Its first part outlines the life of Milton Friedman. The second part examines his economic theories - “Essays in Positive Economics” (1953), “Studies in the Quantity Theory of Money“ (1956), “A Theory of the Consumption Function” (1957), “A Program for Monetary Stability” (1959), “A Monetary History of the United States 1897 to 1960” (1963), and “Price Theory” (1976). His Nobel Prize lecture and American Economic Association lecture in 1967 are discussed, too. The third part analyzes Friedman’s methodology. Milton Friedman was the most influential economist of the second half of the 20th century. He is best known for his theoretical and empirical research, especially consumption analysis, monetary history and theory, and for his demonstration of the complexity of stabilization policy.

Toward a Normative Economic Metaparadigm

1991 ◽  
Vol 3 (1) ◽  
pp. 51-72
Author(s):  
Oleg Zinam ◽  
Keyword(s):  
Conceptual Framework ◽  
Historical Development ◽  
Comparative Evaluation ◽  
Economic Science ◽  
Applied Aspect ◽  
Special Cases ◽  
Normative Economic ◽  
The Status ◽  
Positive Economics

This essay proposes the formulation of a metaparadigm encompassing three major aspects of economic science: positive, normative, and applied. Such a metaparadigm represents a broader conceptual framework within which existing paradigms can be placed as special cases for comparative evaluation. The historical development of religions and their influence on economies and economics are legitimate areas of inquiry for positive economics. Yet the Mecca of the religion-based schools of economics is within a normative metaparadigm. Though Christian economics has not attained thus far the status of positive economics, the means to attain this objective are studied within the applied aspect of the proposed metaparadigm.

Positive Economics

2012 ◽  
Author(s):  
Duane Windsor
Keyword(s):  
Positive Economics

A Necessary Normative Context of Positive Economics?

1992 ◽  
pp. 266-271 ◽  
Author(s):  
Warren J. Samuels
Keyword(s):  
Positive Economics
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