Nah, never did. It's bullshit anyways.
I agree with you about the empirical research but I think that, more often than not, the research is totally flawed. How many of these empirical papers are both correct and tell you something that your grandmother couldn't?
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Did we need a Ph.D. to tell us that if you drink fecal matter, your health will be worse? How about that competition lowers prices? Get the Nobels ready!
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That's reductionist. Economics is not about absolutes, it's about "what is the value?" How valuable is clean drinking water? Is it more valuable than having a doctor nearby? Maybe we should invest our scarce development resources in wells instead of clinics then.
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