Where theory lags behind the facts, we are dealing with miserable degenerating research programmes.
Imre Lakatos (1978, p. 6), cited in: Vernon L. Smith (1989), "Theory, experiment and economics." The Journal of Economic Perspectives 3 (1): 168.
Where theory lags behind the facts, we are dealing with miserable degenerating research programmes.
Imre Lakatos (1978, p. 6), cited in: Vernon L. Smith (1989), "Theory, experiment and economics." The Journal of Economic Perspectives 3 (1): 168.