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What about falsifiability? Further notes on Hausman's revision of the neoclassical economic methodology

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  • Geert Reuten

Abstract

Even if falsificationism in the strict Popper-Lakatos sense may be too harsh for economics, falsifiability and refutability are eminent criteria for theory appraisal. Hausman's (1997) revision of his (1992) methodology of economics does not come sufficiently close to meeting such a methodological requirement and risks allowing the prioritising of irrefutable theories over empirical phenomena. It therefore needs further advancement.

Suggested Citation

  • Geert Reuten, 1997. "What about falsifiability? Further notes on Hausman's revision of the neoclassical economic methodology," Journal of Economic Methodology, Taylor & Francis Journals, vol. 4(2), pages 297-302.
  • Handle: RePEc:taf:jecmet:v:4:y:1997:i:2:p:297-302
    DOI: 10.1080/13501789700000020
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    References listed on IDEAS

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    1. Rosenberg, Alexander, 1992. "Economics--Mathematical Politics or Science of Diminishing Returns?," University of Chicago Press Economics Books, University of Chicago Press, edition 1, number 9780226727233.
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