There is a simple joy in finding that the emperor has positively no clothes and especially when the finger is pointed in ribald good English. Donald McCloskey does this service in “The Rhetoric of Economics”, where he argues with force and wit that “modernism” (meaning, roughly, positivism, as in “Positive Economics”) will do as an account neither of what economists do nor of what it makes philosophical sense for them to attempt. Instead they should recognize that models are always metaphors and should make a virtue of the literary devices, which they in fact rely on. Armed with the craft of rhetoric and a new “poetics of economics,” they will achieve better writing, better teaching, better foreign relations, better science and better dispositions.

My essay “Let's Take the Con out of Econometrics” is intended to be an amusing, titillating, and even annoying distillation of ideas that I have published in a more formal, academic style in many different locations over the course of several years. As far as I could tell, these ideas were widely ignored until I adopted the more contentious style of “Con,” which, since its publication two years ago, has been reprinted in two volumes and excerpted in two others. There is something to be learned from this episode about the sociology of ideas. Notoriety, however, is a mixed blessing, since now I find myself spending too much of my time trying to explain what I meant.

Martin Hollis, in the introduction to the collection of Rationality and Relativism he edited recently with Steven Lukes, describes himself as the most arch of arch rationalists, “by which we mean, merely, that [we] reject the forthright relativization of truth and reason.” You might suppose that his self-description would place him unambiguously in the army of traditionalists arrayed against what Richard Rorty fondly calls the New Fuzzies (like himself and me). You might suppose, then, that Hollis would indulge in furious letter writing to, say, Harper's, telling us that “we need to stand shoulder to shoulder against the growing army of enemies of rationality. By that I mean the followers of the fashionable cult of absolute relativism, emerging from philosophy, linguistics, semiotics, and deconstructionism.” You might suppose that he would go on in this way equivocating between “rationality” and “rationalism,” identifying the people he dislikes with the enemies of civilization: fascists, Stalinists, bikers, bomb throwing nihilists — Richard Rorty and Wayne Booth and Stephen Toulmin riding into town on their Harley- (or Donald-) Davidsons, spurning warrants for belief and good reasons, reading pornographic comic books (the new literary canon), and snarling at the townsfolk huddled behind the local syllogism.