Why do we consider economics to be science?

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From what we have been told, what makes science science is the ability to perform controlled experiments to verify or reject hypotheses. However due to the nature of economics and the fact that there are far too many factors like sociology and psychology to control for, it’s impossible to do controlled experiments in the economy. Why is it considered a branch of science?

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Anonymous 0 Comments

Economics is a science. It just doesn’t look like one because its highly tied up in competitive endeavors like making money and winning elections.

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