The dominance of economic theory

Most science proceeds on the assumption that the theory (or theories) that best explain the data win.  However, there are a number of mechanisms that make social theories self-fulfilling, a fact that suggests the theory (or theories) that come to be accepted and therefore best create

the data win. These processes are illustrated with examples from economic theory, the dominant social science, and some implications for empirical research are developed and illustrated.

Discussants: Nicolai Juul Foss and Kristian Kreiner

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Yvonne Borkelmann