, I don't ";sh to claim any particular wisdom or rectitude for my prop06itions, otlly that
Prefe!'sor Macblup h"s not interpreted accurately what he vory briofly quotes. For e~all\ple
(a) Profc.sor l\fachlup quotes me as writing "that proposilions of pure theor~·. hy them
selves, have DO prognostic valuc," :md states that this proposition. u»g it Iittat\ds," i:i "un·
",""saHable." However, in his determination to assail the Illu,,'sailable. Prof_or Machlup
proceeds to interpret "proposi...
comments:Reprinted from the Southern Economic Journal
192-Communications; Professor Machlup On Verification In Economics.pdf