in-between, become head of your academic department and deny tenure to those who don't
believe. Or run a "major" journal or a "major" academic association and then declare
that only those who believe are "good" or "true" economists and deserve to be
published/tenured/rewarded.
Jim
-----Original Message-----
From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED]
Sent: Sat 1/24/2004 2:56 AM
To: [EMAIL PROTECTED]
Cc:
Subject: Re: [PEN-L] Interesting Wall Street Journal stories
Sabri asked, "By the way, I guess, we are dealing with a neither
observable nor verifiable claim, which is the most
difficult problem in contract theory.
Does anyone know how to deal with unobservable,
unverifiable claims, by the way?"
1) repeat said claim until others are convinced and it becomes a constituent
part of their being, and let them (and yourself) bring the claim to its
realization
2) if that doesn't work, you can make a state, turn the claim into a self-
evident truth, and let the cops handle it
Cheers,
Jonathan
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