Essays in positive economics (Book, 2000) [WorldCat.org]
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Essays in positive economics

Author: Milton Friedman
Publisher: Chicago : University of Chicago Press, [2000], ©1953.
Edition/Format:   Print book : EnglishView all editions and formats
Summary:
This paper is concerned primarily with certain methodological problems that arise in constructing the "distinct positive science" that John Neville Keynes called for, in particular, the problem how to decide whether a suggested hypothesis or theory should be tentatively accepted as part of the "body of systematized knowledge concerning what is."
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Document Type: Book
All Authors / Contributors: Milton Friedman
ISBN: 0226264033 9780226264035
OCLC Number: 38499088
Description: v, 328 pages ; 21 cm
Contents: Part 1. Introduction. The methodology of positive economics --
Part 2. Price theory. The Marshallian demand curve --
The "welfare" effects of an income tax and an excise tax --
Part 3. Monetary theory and policy. The effects of a full-employment policy on economic stability : a formal analysis --
A monetary and fiscal framework for economic stability --
The case for flexible exchange rates --
Commodity-reserve currency --
Discussion of the inflationary gap --
Comments on monetary policy --
Part 4. Comments on method. Lange on price flexibility and employment : a methodological criticism --
Lerner on the economics of control.
Responsibility: by Milton Friedman.

Abstract:

This paper is concerned primarily with certain methodological problems that arise in constructing the "distinct positive science" that John Neville Keynes called for, in particular, the problem how to decide whether a suggested hypothesis or theory should be tentatively accepted as part of the "body of systematized knowledge concerning what is."

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