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Abstract

Ours is a world of numbers. One of the popular paradigms for scholarly work in the social sciences is a model whose fundamental concepts, at least in principle, are capable of measurement, and whose theoretical structures lead to numerically verifiable hypotheses expressed in terms of them. Ideas lacking the means of calibration are often discarded. The more quantitative the mathematical sophistication, the higher the esteem the investigation receives. This is certainly true in economics. Yet, it is quite clear that many of the urgent questions economists are called upon to answer concern phenomena which seemingly defy attempts to represent them numerically.

Journal of Post Keynesian Economics 1, no. 2 (Winter, 1978–79), pp. 113–128. © M.E. Sharpe, Inc. Reprinted with permission.

The author would like to express his appreciation to I.F Pearce for many helpful discussions and comments. Thannks are also due to Sidney Weintraub for suggesting the essay’s title.

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Katzner, D.W. (2001). On Not Quantifying the Non-Quantifiable. In: Unmeasured Information and the Methodology of Social Scientific Inquiry. Springer, Boston, MA. https://doi.org/10.1007/978-1-4615-1629-3_4

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  • DOI: https://doi.org/10.1007/978-1-4615-1629-3_4

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