We Cannot Interpret Economic Data Unless We Know Economic Theory

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Published : September 16th, 2022
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24hGold - We Cannot Interpret ...

Logical positivism holds that theory is irrelevant to the empirical results. It is the other way around; One cannot understand or interpret economic data until one has a working economic theory in place.

Original Article: "We Cannot Interpret Economic Data Unless We Know Economic Theory"

This Audio Mises Wire is generously sponsored by Christopher Condon. 

Source : mises.org
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