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Date: Sun, 22 Jun 2014 18:41:36 +0000
To: MainandWall<mainandwall-2619@pages.plusgoogle.com>
Subject: INETeconomics just uploaded a video
INETeconomics has uploaded Eric Weinstein: Economic Thinking In A Fallible World By Marshall Auerback The p... | | |
| |  | | | | | | | | | | | | By Marshall Auerback The philosopher Karl Popper argued that we cannot know empirical truths with absolute certainty. According to Popper, even scientific laws can't be verified beyond a shadow of a doubt. They can only be falsified by testing. One failed test is enough to falsify, but no amount of conforming instances are sufficient to verify. Scientific laws are hypothetical in character and their truth remains subject to testing. Ideologies that claim to be in possession of the ultimate truth are making a false claim; therefore, they can be imposed on society only by force. This concept creates particular challenges for economists, who like to think of themselves as "scientists" subject to the disciplines of rigorous empirical truths. But economics and economic policy don't work that way because empirical economic truths typically are open to interpretation. The reality is far more complicated. In situations with thinking participants, the participants' view of the world ... ( More) | | | | | | | | | | | | |
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