> "Devine, James" wrote: > > > I hate to cite Greg Mankiw, but he made a very good point once: > there's often a trade-off between logical nicety (internal logical > consistency or simplicity) and correspondence with perceived empirical > reality. The economics profession leans heavily toward the former at > the expense of the latter... >
Russell once pointed out (only vaguely remembered and paraphrased here) that while an inconsistent theory could be partly right, a wholly consistent theory was totally wrong if any part of it was wrong. Carrol > Jim Devine [EMAIL PROTECTED] & http:/myweb.lmu.edu/JDevine > "Science is a way of trying not to fool yourself." -- Richard Feynman.
