ABSTRACT

Few economists today will be found waving the banner of ‘economic positivism’ or ‘positive economics’. Does this mean that economic positivism is dead? Certainly not. Positive economics is now so pervasive that every competing view (except hard-core mathematical economics) has been virtually eclipsed. The absence of methodological flag-waving is thus easy to understand. There is no territory to dispute and thus no need to wave one’s flag.