Economics is one of those endeavours where progress seems to be awfully slow at times. Unlike in the hard sciences like physics, chemistry, or biology where experiments and data can and do settle debates once and for all, theories in economics and finance can linger on for decades even though the empirical evidence against them is piling up year after year. This life beyond death of economic theories can be so frustrating that at least one economist has written an entire
Progress in economics
Progress in economics
Progress in economics
Economics is one of those endeavours where progress seems to be awfully slow at times. Unlike in the hard sciences like physics, chemistry, or biology where experiments and data can and do settle debates once and for all, theories in economics and finance can linger on for decades even though the empirical evidence against them is piling up year after year. This life beyond death of economic theories can be so frustrating that at least one economist has written an entire