The non-existence of economic laws

Created
Fri, 26/04/2024 - 18:39
Updated
Fri, 26/04/2024 - 18:39
In mainstream economics, there’s — still — a lot of talk about ‘economic laws.’ The crux of these laws — and regularities — that allegedly exist in economics, is that they only hold ceteris paribus. That fundamentally means that these laws/regularities only hold when the right conditions are at hand to give rise to them. […]

Tags