Thursday, July 15, 2004

Maybe Economics Is a Science

This reminds me of economists quibbling about the effects of the minimum wage on employment of unskilled workers (from BBC News, UK Edition):
Hawking backs down on black holes

Stephen Hawking is saying he was wrong about a key argument he put forward nearly 30 years ago about the behaviour of black holes.

The world-famous physicist addresses an international conference on Wednesday to revise his claim that black holes destroy everything that fall into them.

It appears black holes may after all allow information in them to escape.
There's more, but it's inconclusive. Oh well, we're less threatened by black holes than we are by the minimum wage -- I think.