Alan raises an interesting question. 

The inductive knowledge 'bridge' leads to a (consciously) unknown destination (although there is 'more to seeing than meets the eyeball' - the self-deception of 'objectivity' - which can best be addressed through Myrdal transparency). The neuronal inductive 'high' comes from unexpected discoveries.  

In social science, the deductive knowledge 'bridge' begins from the desired destination (a preferred societal outcome) and works backwards. If there is a neuronal deductive 'high', it presumably comes from the discovery of any material (theory) that will bear the weight of the traffic when 'crossing the Rubicon'. Myrdal transparency is the opposite of what is required.   

Larry White addressed this issue in a top class JMCB essay in 2008.     

________________________________________
From: Societies for the History of Economics <[log in to unmask]> on behalf of Alan G. Isaac <[log in to unmask]>
Sent: Wednesday, February 24, 2016 2:42 PM
To: [log in to unmask]
Subject: Re: [SHOE] Fwd: [SHOE] Is there a history of cost-push or wage-price spiral analysis?

On 2/24/2016 2:09 PM, Alex Wilhans wrote:
> The quote can be found in Chapter 7 (The General Rise in Prices in the Light of Economic Theory) of the Selected Writings of Ludwig von Mises.  The link is:
> http://oll.libertyfund.org/titles/2442
> According to the editor of the book, the chapter was originally published by Mises in Archiv für Sozialwissenschaft und Sozialpolitik, vol. 37 (1913).


While this chapter also discusses monetary inflation, it seems oddly to
suggest the possibility of ongoing inflation even with a constant
money supply.  I assume he changed his view after the post-WWI
hyperinflations made the link so much clearer.  Is this the case?

Thanks,
Alan Isaac