“Economics is perhaps the only profession where facts don't matter and theory predominates. In the sciences there is a scientific method and experiments. In economics, men like Friedman, Bork, or Posner can make assertions based on pure theory.” Excerpt From The Myth of Capitalism Jonathan Tepper

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Until the Chicago School wanted to lend more credibility to the discipline, economics was a branch of philosophy. A professor of economics was a professor of economic theory in the Department of Philosophy.