To be fair, there are falsifiable economic theories. For example some theories regarding market failures, like the adverse selection in asymmetrical information

To be fair, there are falsifiable economic theories. For example some theories regarding market failures, like the adverse selection in asymmetrical information markets[1]. We _could_ observe that there is a market that fulfills the criteria for market of lemons, but prices lemons and cherries distinctively. My issue with economics is that some of the deep core assumptions (utility maximization, strong form of efficient markets etc.) violate so egregiously the falsifiability test. [1]https://en.wikipedia.org/wiki/The_Market_for_Lemons https://en.wikipedia.org/wiki/The_Market_for_Lemons