The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd


  • Bruce Caldwell
Reference work entry


The article identifies the major tenets of logical positivism and its successor, logical empiricism, two important movements within 20th-century philosophy of science. It then documents some of the arguments that led to the decline of positivism in the latter half of the 20th century. The impact of positivist ideas on the work of economists writing about economic methodology is examined in a final section.


Blaug, M. Braithwaite, R. Carnap, R. Comte, A. Confirmationism Falsifiability Friedman, M. General equilibrium Hahn, H. Hempel, C. Hume, D. Hutchison, T. Hypothetico-deductive model Induction Logical empiricism Logical positivism Mach, E. Machlup, F. Methodology of economics Mill, J. S. Mises, L. von Nagel, E. Neurath, O. Pareto, V. Philosophy of science Popper, K. Positivism Robbins, L. Samuelson, P. theory appraisal Verifiability Vienna circle 

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© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Bruce Caldwell
    • 1
  1. 1.