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Why do economists rely more on empirical evidence today than they did 100 years ago? LO3 

   Why do economists rely more on empirical evidence today than they did 100 years ago? LO3
Macroeconomics
Macroeconomics
David Colander 8th Edition
Chapter 6, Problem 13 ↓

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- Around 100 years ago, the field of economics was more theoretical, with a strong focus on principles derived from philosophical reasoning and logical deductions. Economists like Adam Smith, John Stuart Mill, and later Alfred Marshall, primarily relied on  Show more…

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Why do economists rely more on empirical evidence today than they did 100 years ago? LO3
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