Abstract
In his recent book The End of Science, John Horgan (1997) confronts the reader with the provocative thesis that the natural sciences have abandoned the search to find the answer to the question. Instead, Horgan conjectures that the end of the scientific age is near. Recently, two leading thinkers in economics, Robert Solow and David Kreps1, have reviewed critically the history of economics as a science and its current state, and equally have come to not very enthusiastic conclusions. Many of the problems emerge from the separation of empirical and theoretical findings and the missing link to everyday experience. Manfred Neumann always has been advocating — in everyday discussions as well as in his publications2 — that there cannot be any theoretical reasoning without accompanying empirical work and vice versa.
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Münter, M.T. (1999). Empirical Facts, Economic Theory and Everyday Experience in Industrial Organization. In: Mueller, D.C., Haid, A., Weigand, J. (eds) Competition, Efficiency, and Welfare. Springer, Boston, MA. https://doi.org/10.1007/978-1-4615-5559-9_14
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