FTA: "Japan’s history is mined for evidence supporting Olson’s theory."
This is why economics is not yet a respectable science. I can't say that I disagree with the analysis presented in the article, but that says nothing at all about its truth value. Unfortunately, many of the arguments presented by economists, including theories that are diametrically opposed to one another, seem quite plausible and that is precisely the problem with economics as a discipline. The standard of proof is still stuck in the dark ages.
This is why economics is not yet a respectable science. I can't say that I disagree with the analysis presented in the article, but that says nothing at all about its truth value. Unfortunately, many of the arguments presented by economists, including theories that are diametrically opposed to one another, seem quite plausible and that is precisely the problem with economics as a discipline. The standard of proof is still stuck in the dark ages.