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  • However, I think Imre Lakatos’ theory of a scientific research program cohering around a negative heuristic – a core of unsurrender-able suppositions – is more pertinent to the history of mainstream economics, going back to its adoption of the method of “conjectural history” by Adam Smith – the phrase is from Thomas Reid’s essay on Smith – which later became mathematized as economists agreed to pursue a heavily model based and theory based science.

    Matthew Yglesias » When Economists Stop Being Polite 2007

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