Because of the complexity of national economies, arguing that a macroeconomic economic theory is true "all other things held equal" is like asking Mrs. Lincoln how she liked the play, other than the shooting. I remain fascinated and puzzled how economics fits into the science paradigm of testable hypothesis, etc., and whether the presentation of empirical evidence has much, if any, influence on economists' preconceived positions.
David Shemano --- Original Message--- To: "David B. Shemano" <[email protected]>, Progressive Economics <[email protected]> From: Michael Perelman <[email protected]> Sent: 8/19/2009 6:48PM Subject: Re: Re: [Pen-l] More from Casey Mulligan >> The theory says it is so, all other things held equal. >> >> On Wed, Aug 19, 2009 at 06:20:49PM -0700, David B. Shemano wrote: >> > >> Basic economic theory says this should happen, and it does. Why is >> > >> this so hard to understand? >> > >> > Basic economic theory says what? If the government spends more money the >> unemployment rate decreases? What if I found a situation where the >> government >> spent more money and the unemployment rate went up? What would happen to the >> theory? >> > >> > David Shemano >> > >> > >> > _______________________________________________ >> > pen-l mailing list >> > [email protected] >> > https://lists.csuchico.edu/mailman/listinfo/pen-l >> >> -- >> Michael Perelman >> Economics Department >> California State University >> Chico, CA 95929 >> >> Tel. 530-898-5321 >> E-Mail michael at ecst.csuchico.edu >> michaelperelman.wordpress.com >> >> _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
