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    Carmelics

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    It is not the case that Economics does not pass methodological muster as an empirical science

    ?Set your confidence on the premises below to see your aggregate.

    Reasons For

    1 perspective
    Reason for
    ?
    • 1.Economics can only make imprecise generic predictions
      ?

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    • 2.Economics cannot make progress because it is built around folk psychology
      ?

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    • 3.Folk psychology is a mediocre theory of human behavior
      ?

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    Reasons Against

    2 perspectives
    Reason against 1 of 2
    ?
    • 1.Economics systematically fails Karl Popper's falsifiability criterion: auxiliary assumptions (ceteris paribus clauses) immunize core models from empirical refutation.
      ?

      Think about whether this reason is strong or weak

    • 2.When economic predictions fail, practitioners revise background conditions rather than core theory, violating Lakatos's criterion for progressive research programs.
      ?

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    Reason against 2 of 2
    ?
    • 1.The Lucas critique demonstrates that economic models cannot remain stable under policy interventions, since agents alter behavior in response to the models themselves.
      ?

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    • 2.A science whose observational base is reflexively altered by the act of theorizing cannot maintain the theory-observation distinction required for empirical confirmation.
      ?

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