False Feedback in Economics Spescha Andrin
False Feedback in Economics Spescha Andrin This book investigates why economics makes less visible progress over time than scientific fields with a strong practical component, where interactions with…
Specifikacia False Feedback in Economics Spescha Andrin
False Feedback in Economics Spescha Andrin
This book investigates why economics makes less visible progress over time than scientific fields with a strong practical component, where interactions with physical technologies play a key role. In contrast to scientific fields that work with physical technologies, false feedback is hard to recognize in economics. The thesis of the book is that the main impediment to progress in economics is "false feedback", which it defines as the false result of an empirical study, such as empirical evidence produced by a statistical model that violates some of its assumptions.
It thereby contributes to a wider discussion in the field of metascience about the practices of Economists thus have difficulties knowing where they stand in their inquiries, and false feedback will regularly lead them in the wrong directions.The book searches for the reasons behind the emergence of false feedback.