Falsificationism

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Falsificationism
Please help me so that I can complete an essay on the following:
Analyse the usefulness of Popper's falsificationism as the appropriate methodology for economics.

Popper's falsification is a useful concept in economics. It ensures that there is rigor in research. The attempt to falsify a conclusion properly tests it. In most cases it leads to an increase in the quality of evidence that is applied to the economic theory. The value of Popper's falsification lies in the rigor with which theory is tested so that there is no undue bias. What Popper's falsification stresses on I the deductive testing. In this case a hypothesis can only be experimentally tested and that also only after it has been advanced.
What happens during falsification is that a deduction is drawn from the new theory/hypothesis and then tested. The procedure is that if the deduction gets falsified, the hypothesis is also falsified. On the other hand if the hypothesis passes the experiment for the time being remains. The strength of the falsification method is that it singles out a scientific system in a negative manner. "Falsification. Perhaps the major contribution made to science by Popper emerges from his argument that the job of scientific experiment is to seek evidence not to support a proposed theory but, rather, to refute it. He contends that science becomes mere ritual, making only meager progress, when it settles for testing to verify a favored hypothesis. The real task of experimental testing is that of trying to find the hypothesis' weaknesses and flaws. One way to put a theory or hypothesis to the test is to draw from it predictions about observable events in time and space. A theory becomes scientific when it is specific enough to be falsifiable and when it covers specified events observable in time and space. It ceases to be scientific when it hides behind vagueness or risks no bold and daring predictions going beyond the general consensus.
According to Popper, the whole point of seeking to shoot down our scientific theories is not simply to increase our supply of skepticism. Rather, the goal is to generate better theories--ones which are both bold and able to stand up under rigorous criticism without resorting to verbal tricks and vagueness. Popper's humanism shines brightest when he urges us to seek out criticism of our theories. Intellectual courage and honesty in uncovering contradictions are thus essential to the search for both better explanations and better plans of action."(Barnhart J 1996)

There are several positive points about Popper's falsification. Most importantly, if there is a general statement that conveys a great deal of information, there is a greater change that it will clash with specific statements. The statement that is more testable actually ...