HAYEK AND FRIEDMAN'S POPPERIAN THEMES IN ECONOMICS

• Authors: Machaj Lukasz , Machaj Mateusz
• Languages of publication: EN

Abstracts

EN

Two great modern classical liberals, Friedrich von Hayek and Milton Friedman were very influential economists. Their works on economic method and methodology are worth particular attention. Despite similarities in their ideology, their views in the field of philosophy of science were poles apart, although at the same time they both considered themselves to be followers of Popper. This paper attempts to resolve the issue of who might be closer to this philosopher. The first section introduces the main task. The second section briefly describes Popper's idea of falsification. The third section summarizes Friedman's famous essay on method. The fourth section presents Hayek's approach as opposed to it. The fifth section offers concluding comments.

Keywords

EN

ECONOMIC METHOD; EMPIRICISM; FALSIFIABILITY; FRIEDMAN; HAYEK; POPPER

Discipline

• ECONOMICS: ECONOMICS

• Journal: Optimum. Studia Ekonomiczne
• Year: 2011
• Issue: 5(53)
• Pages: 3-15
• Document type: ARTICLE

Contributors

author

Machaj Lukasz

author

Machaj Mateusz

• Ph.D. is a research worker at Institute of Economic and Social Sciences, Wroclaw University of Enviromental and Life Sciences

• Mateusz Machaj, Ph.D. is a research worker at Institute of Economic and Social Sciences, Wroclaw University of Enviromental and Life Sciences

Identifiers

CEJSH db identifier

11PLAAAA10941