The funniest sentence I've read all day
2008-05-12 · Original WordPress address
The ideological character of much of the economics profession in the United States suggests that there are rewards for producing scholarship that confirms the idea that the minimum wage causes unemployment, and punishment for scholarship that finds otherwise.
--- A guest blogger at CT
Empirical studies disconfirming theory is the name of the game. There's also a big premium for coming up with theory that would explain that disconfirming evidence (while being parsimonious... *ahem* fast food joints don't have a monopoly on the demand for low-skill labor *ahem*).
UPDATE: "Empirical studies disconfirming theory is the name of the game." Here's an example of an economist disconfirming her own theory.