The changing attitude of Terence Wilmot Hutchison in his ultra-empiricist proclivity

Abstract

With his 1938 work, Terence Wilmot Hutchison established the first link between the methodology of economics and philosophy of science. Hutchison's aim is to found a hardcore for the economics, and with this purpose he brings to the economic analysis testability and falsifiability criterions. In the course of time, there is also a changing attitude in his ultra-empiricist proclivity and tolerance towards historical-institutional phenomenons. An example, from the Ahmed Guner Sayar's correspondence to Hutchison, aims to shed light to the background of this intellectual change how to theorise economic analysis. It's an important chance to appreciate Hutchison's original ideas. Thus it's not surprising that he had rejected Sayar's dual-raying theory as it is not quantifiable, but he had also tolerated the existence of some analytical propositions to understand social phenomenon.