It often happens in arguments with the general public that people ask for an empirical example of whatever economic (or political) principle I’m attempting to explain. In truth, it’s sometimes worse. They ask for an empirical example, but really they are appealing to authority under the guise of wanting a
Tag: induction
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What exactly does it mean to be a “soft science”? Over the holidays I got into a discussion with a relative about just this topic. Economics, he told me, is a “soft” science, unlike physics which is a “hard” science. What exactly is the difference? The word “science” itself is