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Date: | Fri Mar 31 17:19:12 2006 |
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=================== HES POSTING =====================
It is interesting to note one (early) use of the term
"formalism" in economic
disputation. It was used to assault a monetary policy
proposal made by Oscar Lange which, in the author's
judgement, "would involve knowledge about
price expectations, that even in principal, let alone in
practice, would be utterly unattainable". This was part of a
"Methodological Criticism" of Lange's "shackles of
formalism"; the author was Milton Friedman (1953 [1946],
277-300), Essays in Positive Economics.
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Robert Leeson
Bradley Fellow and Visiting Associate Professor
Economics Department
Social Science Centre
The University of Western Ontario
London, Ontario, Canada, N6A 5C2
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