On 11/15/2013 9:27 AM, Bylund, Per L. wrote:
> I assume Steve means "obvious" in a different way than the
> layman's simple observation that you exemplify it with.
> Another way of saying it is that economics, perhaps with
> Keynesianism exempted (?), is a deductive science.


And of course such assertions boil down to:
"it follows from my preferred AXIOMS that the
world much match my beliefs about it".

Again, this is just another way of immunizing
against the empirical evidence.

The term "obvious" is generally a pretty strong
signal that thinking has stopped.

Cheers,
Alan Isaac