News

We Cannot Interpret Economic Data Unless We Know Economic Theory

Logical positivism holds that theory is irrelevant to the empirical results. It is the other way around; One cannot understand or interpret economic data until one has a working economic theory in place.

Original Article: We Cannot Interpret Economic Data Unless We Know Economic Theory”

This Audio Mises Wire is generously sponsored by Christopher Condon. 

What's your reaction?

Excited
0
Happy
0
In Love
0
Not Sure
0
Silly
0

You may also like

Leave a reply

Your email address will not be published. Required fields are marked *

More in:News