Blog

“I would add one word for any student beginning economic study who may be discouraged by the severity of the effort which the study, as he will find it exemplified here, seems to require of…

“Predictive capacity without explanatory capacity is worthless. Mere clairvoyance, irrespective of its sharpness, does not itself have scientific standing. Only predictive capacity that arises out of having coherent and communicable explanations has scientific standing. The…