Test the predictions — or check the assumptions

posted by
February 28, 2012
EconLog
by Bryan Caplan  
Posted in Commentary

"Where do economists draw the line between science and dogma? In most cases, they say something like this: 'A model is scientific if and only if it makes true testable predictions.' Perhaps this is why Arnold was dissatisfied by my brief reply to last week's challenge." (02/27/12)

http://econlog.econlib.org/archives/2012/02/test_the_predic.html  

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