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Greenspan's book does not quite reach either, in trying to reach two audiences. Economists can learn a lot from it, but they will recognize that many of the arguments would have trouble passing scrutiny in peer-reviewed journals. Many other readers will buy the book, but few will finish it. It's...
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view, economic theory may be useful not only by providing predictions, but also by pointing out weaknesses of arguments. It … is argued that, when a theory requires a non-trivial act of interpretation, it's roles in producing predictions and …
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view, economic theory may be useful not only by providing predictions, but also by pointing out weaknesses of arguments. It … is argued that, when a theory requires a non-trivial act of interpretation, its roles in producing predictions and …
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