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

[Michael Perelman]

What David said is commonly expressed by economists.  What they tend to 
mean, in contrast to Friedman, is that you need an alternative theory 
before someone is willing to abandon an existing theory -- a bastardization 
of Kuhn.

On Fri, Jul 11, 2008 at 04:32:22PM -0700, Miles Jackson wrote:
> Doug Henwood wrote:
>>
>> 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
> He really said that?  That's pretty fucking embarassing.  Most of my 
> community college students have a better understanding of the scientific 
> method by the end of their first term.
>
> Miles
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-- 
Michael Perelman
Economics Department
California State University
Chico, CA 95929

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