"Where theory lags behind the facts, we are dealing with miserable degenerating research programmes."
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Imre Lakatos (1978, p. 6), cited in: Vernon L. Smith (1989), "Theory, experiment and economics." The Journal of Economic Perspectives 3 (1): 168.
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Imre Lakatos
Imre Lakatos (November 9, 1922 – February 2, 1974) was a Hungarian philosopher of mathematics and science, known for his thesis of the fallibility of mathematics and its 'methodology of proofs and refutations' in its pre-axiomatic stages of development, and also for introducing the concept of the 'research programme' in his methodology of scientific research programmes.
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