In science, a theory is an explanation for a hypothesis (what we call a theory in everyday use) which is verified through experiments. A theory becomes a law when it is verified repeatedly through experiments. Laws are, essentially, theories that work everytime.
Salerno is awesome, no doubt!!
its seems very weird to me that the names in the stripe of donors go from left to right instead of right to left...
Don't you need potatoes to make vodka?
banderfargoyl it was probably a joke mocking the soviet economy
Anywhere to find a summary of Austrian price theory
Thanks!
Are economic laws like biological laws? Or physics? The laws are not theories, right?
Aristotle in One Take over my head
What do the economic 'laws' being relevant depend on? People acting in means to attain ends?
In science, a theory is an explanation for a hypothesis (what we call a theory in everyday use) which is verified through experiments.
A theory becomes a law when it is verified repeatedly through experiments. Laws are, essentially, theories that work everytime.