=================== 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. ------------------------------------------------------------------------- Robert Leeson Bradley Fellow and Visiting Associate Professor Economics Department Social Science Centre The University of Western Ontario London, Ontario, Canada, N6A 5C2 ============ FOOTER TO HES POSTING ============ For information, send the message "info HES" to [log in to unmask]