Falsification in Economics. Is Karl Popper's Philosophy of Science Applicable to Economic Research?

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Focusing on the applicability of Karl Popper's philosophy of science, this seminar paper explores the concept of falsification in economic research. It begins with an introduction to Popper's ideas, followed by an analysis of falsification's strengths and weaknesses. The paper evaluates how this method influences economic studies and assesses its practical use within the field. Ultimately, it discusses the potential benefits and limitations of employing falsification as a tool in economic analysis, providing a comprehensive view of its relevance in this discipline.