Does the material in this chapter show that by Dr. Robert Murphy

Question 15 / 15: Does the material in this chapter show that we prove economic theory with experimental evidence?

Answer:

No, we can never have a truly controlled experiment in economics.

However, our deductive logic might give us true principles that, in practice, are insignificant and/or are swamped by other

factors that we didn't include in our reasoning. Looking at history is thus a useful "check" on our principles or laws.

Sample Partial Credit Answer

No, we are just seeing if our economic laws are illustrated in history.

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https://www.jobilize.com/socialism-the-command-economy-by-dr-robert-murphy-mises

Socialism: The Command Economy

Access: Public Peer Review

Dr.Robert MurphyAssociated Scholar

Mises Institute

USA

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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