What is the Empirical Saying, What Does It Mean?

What is the Empirical Saying, What Does It Mean?

July 1, 2021 Off By Felso

Opposite of theoretical idiom, operational idiom…

The theoretical statement of any phenomenon is different from the empirical statement. For example, in economics, the value-theoretic statement, price, is the “empirical statement” of the same phenomenon. So are the phrases of surplus-value and profit. The first one expresses the theoretical statement of being the same, the second the empirical statement.

The empirical statement and the theoretical statement do not always fit together. For example, value and price are not the same. The value of a commodity may be ten cents, but its price may be fifteen cents. Empirical fact may move away from theory (Fr. Téorie), but it is incomprehensible without theory. The lack of understanding of the important difference between these two idioms has led to many wrong conclusions in the field of economics.