Is economics a Science?
It is debatable whether economics should actually be defined as being a science. After all, unlike Chemistry or Physics in which you type in some numbers, solve a complex equation and Bob’s your uncle there’s the answer. Economics involves an argument. Whereas science attempts to prove something is irreversibly, permanently, and everlastingly true. Economics will rarely give a simple answer. Ask 5 economists a question and the joke goes-you’ll get 6 different answers.
Because of this economics has provided us with a wide variety of rich and interesting characters and over the next few weeks we hope to introduce you to some of them!
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September 14th, 2009 at 9:20 am
Is economics a science- yes, I think so. I’ve recently moved to study an economics degree, after realising medicine wasn’t for me. In most science subjetcs, there are rules in which way things work, down to a precision in most cases. For example, the way in which a virus attacks the bodies immune system, is similar in the sense that a recesion can destroy an economy – and as in the case that anti-viral drugs improve symptoms of a virus, policies, governmental bodies etc are in place to bring an economy back to “health”.
I have yet to mAke my mind up about my economics degree… However my reason for picking it… Is purely because it is all around us!! Most things we do, watch on tv or even debate about… Is related to economics!
Sorry about the spelling in this, phones will never replace a keyboard! Lol