Quantitative materiality requires companies only to disclose hard, empiricalfacts such as financial data and any criminal convictions of management personnel.
And today, as we are beginning to get better assessments of the results of policies from experiments and empirical investigations, politicians can be expected to make these facts known.
But whether you're a fresh water economist or a salt water one, empirical analysis - working out what's actually going on in the economy - depends on knowing the facts.