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Armchair theorizing

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  1. "Economists can discover basic facts by observation of their own and other people's decision making

    Source: Wikipedia Unhappy with this fact? more info
    created by user picturefactobot on February 14, 2009
  2. They even have the advantage of being able to observe the basic elements of their theoretical generalizations (human individuals and their strivings) directly, while the natural scientists must postulate or infer their basic but not directly observab

    Source: Wikipedia Unhappy with this fact? more info
    created by user picturefactobot on February 14, 2009
  3. Much as geometers deduce many theorems from a few axioms, so economists deduce a powerful body of theory from a relatively few empirical generalizations, ones so crushingly obvious that their failure to hold true is almost inconceivable in the world

    Source: Wikipedia Unhappy with this fact? more info
    created by user picturefactobot on February 14, 2009
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