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In Economics nothing is ever "demonstrated to be false." There are just various schools of thoughts with their various detractors and supporters. Sure, some of
by laughfactory 12y ago
In Economics nothing is ever "demonstrated to be false." There are just various schools of thoughts with their various detractors and supporters. Sure, some of those schools of thought are more popular at one time or another, but none are ever "demonstrated to be false." It is only in politics and news that claims will be made to that effect. There is evidence to support pretty much every school of thought, and evidence to contradict it. Liberals, in particular, like to make this claim--but the jury is still out, and likely will be for...well, ever.
- adamnemecek 12y agoOk, I guess I should have said 'have not been demonstrated to be true'. I'd like to see some recent peer-reviewed study that has shown that trickle down economics does work then. Of course it won't be conclusive.
- javert 12y agoSure, things can be demonstrated to be false. I could make up an economic law or principle right now that would easily be demonstrably false. I do get and agree with your overall point, but let's not throw the baby out with the bath water. There is certainly hope for economics to eventually develop to a better point. > There is evidence to support pretty much every school of thought, and evidence to contradict it. If there were evidence to literally contradict a school of thought, that school of thought is proven wrong. That is not the same as evidence that seems to argue against a school of thought, yet does not do so conclusively.