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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It’s not, exactly… it’s not a natural science like chemistry, biology, geology. It’s a social science like political science, psychology, sociology.
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