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There is a major difference between theoretical knowledge and
experiential knowledge. Academics think they know how the economy
should work; successful business owners know how the economy does
work. They have been there and done it. Our government should be
turning to those who have experiential knowledge when it comes to
solving our fiscal problems. They would realize that many of their
current policies may sound good but don’t work in the real world
and must be abandoned. They would spend less and live within their
means. They would be promoting the creation of more entrepreneurs
and business owners, instead of hiring more bureaucrats, consulting
more academics, and enlisting more lawyers to harass and prosecute
the true wealth creators of this nation.
Empirical School ; A second approach to management I refer to as the "empirical" school. In this, I include those scholars who identify management as a study of experience, sometimes with intent to draw generalizations but usually merely as a means of teaching experience and transferring it to the practitioner or student. Typical of this school are those who see management or "policy" as the study and analysis of cases and those with such approaches as Ernest Dale's "comparative approach."
Empiricism itself is only the means, a quicker and more effective technique, for achieving technology’s ultimate cultural goal: the building of the ideal in the real world. One of its own basic dictates is that a certain amount of material must be collected and arranged into categories before any decisive comparison, analysis, or discovery can be made. In this light centuries of empirical science have been little more than the building of foundations for the breakthroughs of our own time and the future. The amassing of information and understanding of the laws and mechanical processes of nature (‘pure research’) is but a means to a larger end: total understanding of Nature in order, ultimately, to achieve transcendence.
empirical evidence is precisely that which is sacred in so-called scientific thought, and by these means — there’s no point in denying it — we can go far, but at the same time, by following this method, we greatly distance ourselves from the problem, because it’s so, but so manifest that empirical proof itself is something that no one has ever heretofore truly dealt with, namely, no one has ever wished genuinely to confront the deeply problematic nature of empirical verification as such, because whoever did this went mad, or appeared to be a pure dilettante,
An empirical philosophy is in any case a kind of intellectual disrobing. We cannot permanently divest ourselves of the intellectual habits we take on and wear when we assimilate the culture of our own time and place. But intelligent furthering of culture demands that we take some of them off, that we inspect them critically to see what they are made of and what wearing them does to us. We cannot achieve recovery of primitive naïveté. But there is attainable a cultivated naïveté of eye, ear and thought.
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There's a tremendous popular fallacy which holds that significant research can be carried out by trying things. Actually it is easy to show that in general no significant problem can be solved empirically, except for accidents so rare as to be statistically unimportant. One of my jests is to say that we work empirically — we use bull's eye empiricism. We try everything, but we try the right thing first!
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