There is something wrong with everything, there is a literature on everything, and all propositions about real interest rates are wrong.
Cowen set the three out on Marginal Revolution, having coined them while teaching macroeconomics. He notes the common thread himself: each is an instruction not to place too much confidence in your own judgement. The first is the load-bearing one, since it holds that until you have found the major flaws in an argument you do not yet understand it, which makes locating the weakness a condition of comprehension rather than a stage after it.
In practice
- A reviewer who cannot state the strongest objection to a paper has not finished reading it.
- A team certain no one has studied its problem has not searched, which is what the second law predicts.
- Subject
- Science & Epistemology
- Essay
- Rules for weighing claims