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Reasons why economics qualify as a science?
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03-10-2014, 10:49 AM
Post: #5
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If you define science as a set of knowledge economy is obviously
a science. If you define it narrowly as something that brings certainties, it is not But then most other fields qualified as sciences and even "hard" sciences are not either, as their paradigms tend to change with time, and they thrive on assumptions and limits. Who knows if dark matter and dark energy really exist and, if they exist what they are? Also, if I understood well, is not an "uncertainty principle" running quantic physics? What about emergence in complex dynamical systems? Who can know in advance what the new traits of the system will be? The difference is that social sciences, and this includes economics, add a specific type of uncertainties: people preferences, reactions and anticipations are far from stable. Thus modelization is more tricky, it has to make room for many scenarios, "hard" statistics and probabilities can not cover all possibilities. Economic previsions http://pgreenfinch.pagesperso-orange.fr/...ision.html Economic models http://pgreenfinch.pagesperso-orange.fr/...odels.html |
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Messages In This Thread |
Reasons why economics qualify as a science? - Tom - 03-10-2014, 10:27 AM
[] - Resistevil - 03-10-2014, 10:44 AM
[] - pgreen - 03-10-2014 10:49 AM
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