Economics and the Irreproducibility Crisis | Panel Q&A with David M. Levy and Richard K. Vedder

Many headline scientific findings in recent years have turned out to be false. They can’t be reproduced—and if you can’t reproduce a result, it isn’t science. The headlines are just the tip of the iceberg. A huge amount of ordinary scientific findings published in peer-reviewed journals doesn't replicate. Something has gone terribly wrong in contemporary scientific procedures.

Science’s failure is called the "Irreproducibility Crisis." It is the result of improper use of statistics, arbitrary research techniques, lack of accountability, political groupthink, and a scientific culture biased toward producing positive results. By some estimates, half of recent scientific research could be irreproducible.

In this video, Dr. David M. Levy and Dr. Richard K. Vedder answer questions regarding "Economics and the Irreproducibility Crisis." Dr. Levy is Professor of Economics and former Director of the Center for Study of Public Choice at George Mason University, and Dr. Vedder is Senior Fellow at the Independent Institute and Distinguished Emeritus Professor of Economics at Ohio University.

This session is from the conference, "Fixing Science: Practical Solutions for the Irreproducibility Crisis," co-sponsored by the National Association of Scholars and the Independent Institute, and held February 7-8, 2020, at Independent's conference center in Oakland, CA.

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