When an economist sees evidence against the prevailing models, they call it a 'puzzle' and write a paper on it. So then there's one model per puzzle.
That doesn't really feel like an approach that allows falsification either.
When an economist sees evidence against the prevailing models, they call it a 'puzzle' and write a paper on it. So then there's one model per puzzle.
That doesn't really feel like an approach that allows falsification either.