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?
In: 10
Most people do not consider it as such. They use lots of numbers math and create models and there are a lot of quantitative aspects of it and some narrow parts if it are scientific, but overall it us not a science any more than political science is.
Latest Answers