Economic Principles for Students

Here are some examples of the principles that teachers can use to expand concepts presented in formal course material. These principles don't have to be taught in the context of any particular class. It's an empirical question. This is a comment that ought to terminate many more conversations than it does. For many of the questions and issues we discuss, there is an answer available. Look it up and see. There's no point in discussing the merits of taking multivitamins when there are several ...

 Science Should Settle Policy

The most important scientific concept is that an assertion is often an empirical question, settled by collecting evidence. The plural of anecdote is not data, and the plural of opinion is not facts. Quality peer-reviewed scientific evidence accumulates into knowledge. People’s stories are stories, and fiction keeps us going. But science should settle policy.