Posted by: NepaliBudho November 3, 2005
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Economics is nothing but just assumptions and hypothesis and elaboration of those assumptions.
Just make hypothesis and assume all fancy outcomes. Thats it. It is not technology that you really need experiments in the laboratory.
Example: Two economists were very very hungry and starving to death. They started assuming that they are having a big party with lots of food. Finally they are no more hungry.
This is the real strategy of economist.