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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Economics is a SOCIAL SCIENCE – that being, a branch of science that deals with human behavior. While yes, you cannot run a controlled experiment to say for example, that economic policy X will have Y. You can however build and test models, and probability/statistics is more of a focus than hard results like some of the natural sciences where you’re simply directly measuring something (whether physical or direct cause and effect)
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