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This paper provides a critique of the use of growth regressions to derive policy implications. The author challenges the conventional interpretation of empirical results, arguing that current econometric practice has yielded a body of evidence that is not policy relevant. Extending his own...
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A recent spate of writings has argued that in a fundamental sense, science is reaching limits. The basic claims of this work is twofold. First, it is argued that for many areas of inquiry, notably physics, chemistry, and biology, science has provided an essentially accurate view of nature. The...
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1. Introduction<p> <p> This essay is written with two goals. The first is to outline the main ideas underlying the growing study of complex economic environments. The second is to suggest areas of public policy where those ideas might be important. Both goals are necessarily speculative. The study of...</p></p>
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Since the work of Thomas Kuhn, the role of social factors in the scientific enterprise has been a major concern in the philosophy and history of science. In particular, conformity effects among scientists have been used to question whether science naturally progresses over time. Using...
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