It is often said that a good theory is one that can be refuted by an empirical,

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It is often said that a good theory is one that can be refuted by an empirical, data-oriented study. Explain why a theory that cannot be evaluated empirically is not a good theory.

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Microeconomics

ISBN: 978-0132857123

8th edition

Authors: Robert Pindyck, Daniel Rubinfeld

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Question Posted: Dec 22, 2015 02:12 AM

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It is often said that a good theory is one that can be refuted by an empirical,

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A theory is useful only if it succeeds in explaining and predicting the ...View the full answer

Microeconomics

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