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>"Precise definitions vary,[4] but features often cited as characteristic of hard science include producing testable predictions, performing controlled experime
by claudiawerner 8y ago
>"Precise definitions vary,[4] but features often cited as characteristic of hard science include producing testable predictions, performing controlled experiments, relying on quantifiable data and mathematical models, a high degree of accuracy and objectivity, higher levels of consensus, faster progression of the field, greater explanatory success, cumulativeness, replicability, and generally applying a purer form of the scientific method."
This describes some of the mathematical economics I've read.
- nonbel 8y agoCan you give an example of a testable prediction?
- claudiawerner 8y agoThat there is a general tendency for the rate of profit across society to fall with time, subject to certain countervailing measures.
- nonbel 8y agoI would have preferred a reference to the paper making the prediction, but that sounds very vague so whatever.