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Anomaly and the development of economics: the case of the Leontief paradox

Published online by Cambridge University Press:  23 November 2009

Neil de Marchi
Affiliation:
Duke University
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Summary

There is a widespread belief that it is neither necessary nor becoming to a working scientist to attend too closely to methodology. In economics this belief at times finds expression in a curious disjunction between lip service paid to falsificationist ideals and an altogether different practice with respect to anomalies. In pragmatic terms there may be nothing inconsistent about this. For in the influential form of falsificationism propagated among economists by Milton Friedman, in which the most important mark of a good theory is the (relative) accuracy of its predictions, no guidance is given the researcher as to where he should turn when one or another of his hypotheses appears to have been contraverted. Faced with a choice between specifying new propositions and acquiring the data and devising tests appropriate thereto and making adjustments to improve the fit of one already articulated, the economist will, by dint of his training, if for no other reason, choose the latter, less costly, alternative. This is a negative and somewhat specific line of defence, but it serves to highlight the fundamental problem that must be faced by a researcher of falsificationist bent, namely that he cannot judge the importance of an anomaly except in relation to a developed underlying research programme.

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Publisher: Cambridge University Press
Print publication year: 1976

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