Abstract
There is a principle of economy of scientific explanation, in economics stressed especially by Milton Friedman, stating that observed facts should be explained by the least possible theoretical assumptions. Following this principle a minimal macroeconomic dynamics, with a generalized value function but without the two dogmas (cf. Section 1.2), was constructed in Chapter 3.
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© 1998 Springer-Verlag Berlin Heidelberg
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Aulin, A. (1998). The Principle of Economy in Scientific Explanation. In: The Impact of Science on Economic Growth and its Cycles. Lecture Notes in Economics and Mathematical Systems, vol 464. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-95861-8_4
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DOI: https://doi.org/10.1007/978-3-642-95861-8_4
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-540-64727-0
Online ISBN: 978-3-642-95861-8
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