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
Actually there’s many universities in different countries that only award Bachelor of Arts (BA) in Economics so no it’s not universally regarded as pure science. It’s usually under the faculty of Social Sciences like Politics or Psychology.
Latest Answers