Elephantstrunk

Does empirical economics follow the scientific method?
Asks New Economist and more or less answers his own question with:
The authors attempted to replicate the results from 138 empirical articles in the Federal Reserve Bank of St. Louis Review. Of the 138 articles, 29 employed software they did not have or used proprietary data, and were excluded. […]

The most successful US companies owe most of their strength to economies of scale. Investment banks, motion picture companies, once upon a time even motor manufacturers all owe their relative strength to access to a huge single market. People always ignore that when they talk about the EU and economists are routinely told that they […]