A rhetoric in defense of formalism in the social sciences: Comment on McCloskey
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McCloskey’s criticism of formalism in economics and other social sciences fails to identify important arguments that justify the practices he criticizes. While it is valuable to expose accepted methods to critical examination, McCloskey’s broad attack implies the rejection of good social science as well as bad.
KeywordsEconomic Model Wall Street Journal Corn Yield Efficient Market Hypothesis Substantive Importance
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