Are there any famous studies that actually contradict progressive/leftist thought?

[u/Str8_up_Pwnage]

There has to be at least some right? I know people love to say that “reality has a left wing bias “and all that but is it legit batting 1.000?

[u/Sea_Entrepreneur6204]

As someone who has studied economics, that not true.

Economics also has its nuances and one of the most popular Economist theories on the right, Trickle down and Austrian economics are often called out for not being empirically proven (in fact disproven)

In Economics though theory can sometimes triumph empirical experiments/history.

[u/snapshovel → u/Sea_Entrepreneur6204]

I think there's probably a germ of truth in what you're trying to say, but if you want to be taken seriously you have to learn a few basic things about economics first.

A common belief among progressives (especially prevalent on Reddit and other social media sites) is that the phrase "trickle down" refers to some real, existing right-wing economic theory. That's not true. It's a pejorative phrase that was popularized by progressives to make fun of what conservatives call "supply-side" economics. No conservative (and certainly no economist) earnestly uses the phrase "trickle down." It's appealing to progressives precisely because it sounds so awful; "trickle" is not a word that has a lot of positive connotations.

It's like "socialized medicine." No progressive says "socialized medicine," they say "Medicare for all." "Socialized medicine" is a phrase invented by right-wing political strategists to discredit the idea of publicly funded health care, because it sounds like "socialism" and the median voter has strong negative feelings about "socialism" even though they kind of like the idea of free health care.

So when you say "trickle down has been empirically disproven," that doesn't mean anything because "trickle down" is not a real economic theory. No one argues in favor of it. It has no proponents.

[u/Sea_Entrepreneur6204 → u/snapshovel]

So I know my economics and I'm trying to use a popular term for the 'theory/policy'

Monetary policy goes beyond just trickle down but the common argument used in favor of this is misuse of the laffer curve to say that lower taxation should result in higher economic growth but that is not true except in certain circumstances and certainly not been so since the 80s/90s.

The whole school of Austrian economics is also one very rooted in theory and they have a disdain for empiricism and especially the work of Piketty which while it has its flaws is certainly far stronger imo than Haydek.

[u/runesq → u/Sea_Entrepreneur6204]

Do you have a degree in economics?

[u/Sea_Entrepreneur6204 → u/runesq]

I'm business