Forthcoming 2016, Capitalism and Society, Columbia University, Center on Capitalism A comment on Erhard and Jensen, “Putting Integrity Into Finance: A Purely Positive Approach”
The Ethical and Scientific Offences of Erhard and Jensen
Deirdre Nansen McCloskey1
Abstract: Erhard and Jensen try to produce a standard for “integrity” without ethical input. It is making bricks without straw. They further suggest that existence theorems and statistical significance will suffice. On all counts they are mistaken.
]Why bother, then? Why not pass over the ethical and scientific, and literary, offenses of Erhard and Jensen in silence? This: I live in hope that my grumpy plain-spokenness will lead even a handful of the younger readers here to question the Received Paradigm, 1957 to the present. I hope they will venture to learn something serious about philosophy, say, or literature, or sociology of science, or economic and business history, or for that matter statistical theory. It would save their intellectual lives from cargo-cult science, such as the essay by Erhard and Jensen.
I will pray for them.