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. In the chapter “The Application of Pure Theory” Hutchison criticizes Carl Menger’s view of what [...]
Rudolf Carnap politicized
It is a welcome development that there is an increasing interest in the history and substance of logical positivism (or logical empiricism). Most of this literature, however, is produced by professional philosophers and social scientists, and, therefore, should be approached with caution. Despite the refinements that have been made to the basic tenets of the [...]