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How would you defend the proposition that economics is a true science?
Wiki User
∙ 13y ago
Economics uses empirical models driven by mathematical tools and statistical data to reach objective, positive conclusions. When economics makes normative conclusions, all normative conclusions are not subjective in morality but use efficiency (as in other applied sciences) as the right outcome. In economics, as opposed to other Social Sciences, general, well-defined answers can be formulated and experimented on, like the physical sciences.
Wiki User
∙ 13y ago
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Where did Barack Obama study economics?
As part of his degree in Political Science at Columbia University, he would have taken courses in Economics.
Why is economics a behavioral science?
Economics conceptualizes a world populated by calculating. In traditional economics it ignores all the behaviors studied. However, behavioral economics or behavioral fiance studies the effects of social, cognitive and emotional factors of the economic decisions of others. Therefore, this subcategory would be considered a behavioral science rather than a social science.
What proposition mean?
Well, if this were not the science category, I would say it means supplicating someone for sexual favors. Since this is science, my guess is that it deals with framing propositions for testing hypotheses or theories.
Shouldn't the Economics subtopic be placed under the Science Topic instead of History?
It could go in either location. We'll be reorganizing our topics soon so that there is some sort of clear "social science" topic where economics would go.
Why economics considered to be a science?
Science can be defined as knowledge gained by observing and testing facts. In economics, economists observe various economic events and try to find patterns and form theories about the events, and then they test their theories before they apply them.
Is political science the oldest of social sciences?
That depends on your definition of science versus philosophy and who studied political science first (and, thereby, at what time). I would likely argue that political science is not the oldest of the social sciences but, rather, economics is.
What social science related to political science?
I would argue all Social Sciences are indirectly related to political science. Some of the more directly related ones include economics, sociology, psychology, and anthropology.
Is economics is a positive science or a normative science?
Economics aims to be a positive science since, by definition, science is a positive enterprise. Normative evaluation necessarily implies valuation of specific types of outcomes over others, which would invalidate typical economic analysis by defending theory by using philosophy, especially ethics, instead of mathematics, statistics, and logic. While normative evaluation is important in the application of economics, especially in the field of social welfare, it is considered taboo by economists to establish economic theory, rationally or empirically, on normative science.
What do scientists base their economic models on?
Though Economics would like to be called a science, it lacks the reliable predictive basis to justify that.
What is the Difference between economics and engineering economics?
Economics is the theory of how to best divide resources up between between agents to maximize their utility. Engineering economics would be the theory of how to design a product in the most cost-efficient and reliable way.
Which of these is considered to be the king of the social sciences?
Because one can conduct studies about the sociology of ... As in, "the sociology of history" or the "sociology of economics". Sociology is the only social science in which one cannot say "the sociology of sociology".
In a debate do you start with a proposition?
That would be the Hypothesis. (It is of course also a proposition). see link for more words related to debating and argumentation:
