Why experiments are overvalued in economics

Created
Fri, 01/05/2026 - 19:58
Updated
Fri, 01/05/2026 - 19:58
The increasing use of natural and quasi-natural experiments in economics over the past couple of decades has led some economists to proclaim triumphantly that this development marks a major step along a recent path towards empiricism. According to this view, economics is no longer merely a deductive philosophy; rather, it is increasingly becoming an inductive […]

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