Abstract
We consider the consequences of a scientific literature with only one model of an important phenomenon. The falsification of the model would mean falsification of the science. Scientists who would prefer not to have their discipline falsified will be tempted to find ad hoc explanations to excuse the failure. To test this hypothesis we propose a study of the economic forecasts of the comparative Soviet and American growth rates in the years before a public choice model of central planning was a viable alternative to the public interest model.
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Earlier versions of the paper were presented at the University of Manitoba Economics Department Retreat in October 2005 and at the Center for Study of Public Choice Wednesday Seminar in November 2005. We thank the participants for their suggestions. All the remaining errors are our responsibility.
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Levy, D.M., Peart, S.J. The fragility of a discipline when a model has monopoly status. Rev Austrian Econ 19, 125–136 (2006). https://doi.org/10.1007/s11138-006-7344-5
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DOI: https://doi.org/10.1007/s11138-006-7344-5