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By David Gordon
Milton Friedman’s commitment to statistical analysis led him vehemently to oppose the economics of Ludwig von Mises and Friedrich Hayek, whom he regarded as the purveyors of a priori, “unscientific” theorizing.
Friedman criticism was the Austrians were not empirical. He opposed hiring Hayek at university of Chicago economics department for this reason. He told Hayek you are not an economist.
I should also add he is a big fan of a Road to Serfdom and Human Action
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My recollection is that Friedman was a logical positivist, which is a somewhat silly school of philosophy that was held by many great 20th century scholars.
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I’m not familiar with the term
Who were the other scholars associated with logical positive?
Edit: I asked ChatGPT…
Milton Friedman was not associated with logical positivism, but there is an interesting connection worth unpacking.
Milton Friedman vs. Logical Positivism • Friedman was an economist, not a philosopher. His intellectual home was the Chicago School of Economics, rooted in neoclassical economics and monetarism, not in logical positivism or the Vienna Circle. • That said, in his 1953 essay “The Methodology of Positive Economics,” Friedman borrowed certain ideas that sound similar to logical positivism, especially the idea that the realism of assumptions doesn’t matter—only the predictive power of a theory does. “Truly important and significant hypotheses will be found to have ‘assumptions’ that are wildly inaccurate descriptive representations of reality… The only relevant test of the validity of a hypothesis is comparison of its predictions with experience.” — Friedman, 1953
This echoes the logical positivist attitude that the empirical consequences are what matter—whether a theory “matches reality” in some intuitive sense is secondary.
Key Differences:
Logical Positivism	Milton Friedman / Chicago School
Discipline Philosophy of language and science Economics Main Concern Meaningfulness of statements; verification principle Predictive accuracy of economic models View on Assumptions Assumptions must ideally correspond to observable facts Assumptions can be unrealistic if predictions are good Attitude to Metaphysics Rejected as meaningless Not central—Friedman focused on policy relevance
In short:
Friedman was not a logical positivist, but his methodological approach to economics—especially his focus on prediction over realism—shows a family resemblance to logical positivism’s emphasis on empirical testability.
Some critics even accused Friedman of smuggling in positivist thinking into economics, especially in the way he defended abstract models regardless of their assumptions. But Friedman himself did not explicitly align with the Vienna Circle or the verification principle.
Let me know if you want a quote from Popper or Hayek, both of whom offered important criticisms of logical positivism that also influenced Friedman.
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apologies for the god awful formatting on my part
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No worries
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I didn’t mean that he did scholarly work on logical positivism, although I wouldn’t have been surprised if he had.
I meant that his operating philosophy was Logical Positivism, which holds that the only things that have truth value are those that can be empirically verified.
The Austrians believe that there are things we can know without empirical evidence, through deduction and introspection.
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I am not sure that is a fair or accurate description of his operating philosphy
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Maybe not. I was just saying that I recalled that being the case.