It is often said that a good theory is one that can be refuted by an empirical, dataoriented study. Explain why a theory that cannot be evaluated empirically is not a good theory
It is often said that a good theory is one that can be refuted by an empirical, dataoriented study. Explain why a theory that cannot be evaluated empirically is not a good theory
Microeconomics: Principles & Policy
14th Edition
ISBN:9781337794992
Author:William J. Baumol, Alan S. Blinder, John L. Solow
Publisher:William J. Baumol, Alan S. Blinder, John L. Solow
Chapter1: What Is Economics?
Section: Chapter Questions
Problem 3DQ
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It is often said that a good theory is one that can be refuted by an empirical, dataoriented study. Explain why a theory that cannot be evaluated empirically is not a good
theory
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