That hope rests on no theoretical basis or empirical results and defies common sense.
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Will we make science based choices or empirical evidence will they be driven by precautionary hysteria?
John Sides, a political scientist at George Washington University, argues there is little or no empirical link between a state's economic conditions and its presidential voting.
In contrast, many conservatives seem to have macroeconomic policy views that seem like common sense but are hard to square with empirical reality or assemble into a coherent economic model.
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Critics of for-profit education generally contend that the private sector is willing to sacrifice educational quality and the interests of the student in order to generate a short-term profit, an argument that Stanfield suggests is largely unsubstantiated by economic theory, empirical evidence or sound reasoning.
As he and other economists acknowledge in a symposium in the July Economic Journal, there is no clear-cut theoretical answer to the question of whether regional trade agreements are good or bad, and the empirical findings are hotly disputed.
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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.
There is no empirical evidence that this would hit investment or work incentives.
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It is an entirely empirical question whether damage caused by bad policy will or will not be outweighed by improvements developed by enterprising people.
Only empirical research can determine whether, on balance, bankruptcy law helps or hurts entrepreneurs.
Quite, not the existence or not of it, not the ever lower taxes argument, but the empirical task of determining where is the peak for the various different taxes?
At the same time, we can also see how creation science or intelligent-design theories attempt to make God another secondary cause, another explanation for empirical events, without attending to the deeper level of causation that God provides.
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