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BUSINESS > economist > Milton Friedman

The only relevant...

Source: BUSINESS

The only relevant test of the validity of a hypothesis is comparison of prediction with experience.

Source: Essays in Positive Economics, 1953.
-- Milton Friedman, (Jul 31 1912-2006), US economist; He was one of the leading conservative laissez-fire economists in the second half of the 20th-c.; awarded the Nobel Prize for Economics in 1976.


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