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Comments on: Discussion Tuesday: Facts and theory http://www.tvhe.co.nz/2014/07/22/discussion-tuesday-facts-and-theory/ The Visible Hand in Economics Thu, 24 Jul 2014 05:19:00 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Matt Nolan http://www.tvhe.co.nz/2014/07/22/discussion-tuesday-facts-and-theory/#comment-43463 Thu, 24 Jul 2014 05:19:00 +0000 http://www.tvhe.co.nz/?p=11629#comment-43463 In reply to bliss.

That’s the thing – both statements can be true at the same time!

In fact, I’d argue they are both true. Theory and data have a symbiotic relationship. If I remember Star Wars correctly they are just like the Naboo and Gungans 😉

]]> By: bliss http://www.tvhe.co.nz/2014/07/22/discussion-tuesday-facts-and-theory/#comment-43458 Wed, 23 Jul 2014 22:30:00 +0000 http://www.tvhe.co.nz/?p=11629#comment-43458 Typical Hayek. the cart before the horse. Without data a theory is a fantasy.

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