“Where theory lags behind the facts, we are dealing with miserable degenerating research programmes.”

— Imre Lakatos

Imre Lakatos (1978, p. 6), cited in: Vernon L. Smith (1989), "Theory, experiment and economics http://pubs.aeaweb.org/doi/pdfplus/10.1257/jep.3.1.151." The Journal of Economic Perspectives 3 (1): 168.

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Imre Lakatos 6

Hungarian mathematician, philosopher 1921–1974

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