• Card 14 / 19: *Explain this subsection title: "Close to a Controlled Experiment."

    Answer:
    There can never be a truly controlled experiment in the social sciences, because people learn from experience; thus the original experiment cannot be recreated, save for one minor adjustment. (This is the hallmark of a controlled experiment.) Even so, the examples of East and West Berlin, and especially North and South Korea, cast considerable doubt on the efficiency of socialism as an economic system.

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Socialism: The Command Economy

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Attribution:  Dr. Robert P. Murphy, Lessons for the Young Economist. (Mises Institute), http://mises.org/document/6215/Lessons-for-the-Young-Economist (Accessed 04 April, 2014). License: Creative Commons BY
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