[lbo-talk] URPE Summer Conference -- Aug 15-18 -- REGISTER NOW! ORGANIZE A PANEL!

[Michael Perelman]

Back in 1985, then Donald McCloskey wrote:
"In seminars in economics it is common for the speaker to
present a statistical result, apparently irrefutable by the rules
of positive economics, yet to be met by choruses of "I can't
believe it" or "It doesn't make sense."  Milton Friedman's own
Money Workshop at Chicago in the late 1960s and the early 1970s
was a case in point.".

Meaning -- if the data don't fit our model, it is proof that the data is 
wrong.

On Fri, Jul 11, 2008 at 05:03:01PM -0400, Doug Henwood wrote:
>
> On Jul 11, 2008, at 4:54 PM, Eric wrote:
>
>>> Toward a New Macroeconomics: From Criticism and Avoidance to Doing It 
>>> Right.
>>> Session I: Growth, Technical Change and Transformation.
>>> David Laibman
>>
>> Even though I have no idea what this means, that won't stop me from saying 
>> this sounds dreadful.
>
> David Laibman, editor of Science & Society, once told me I couldn't refute 
> efficient market theory with empirical evidence. Only another theory could 
> refute a theory. That's doing it right, I guess.
>
> Doug
> ___________________________________
> http://mailman.lbo-talk.org/mailman/listinfo/lbo-talk

-- 
Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail michael at ecst.csuchico.edu
michaelperelman.wordpress.com