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The claim that economics is both an art and a science means that while there is enough real knowledge involved in economics to qualify it as a science, there is also not really enough knowledge that we can use mathematical analysis alone to arrive at reliable results, hence, economist have to rely upon more of a holistic understanding that is more typical of the arts than of the sciences.
What else can I help you with?
Is economics science or art?
It is a social science and also an art subject.
What is economics a science and an art?
Economics is both science and art. As a science it works on economic models. As art, it deals with individuals so their is change in human behavior. The interpretation of models may vary.
Why range management is said to be both an art and science?
due to the argument that as student we do both management is a science as well as an art,it entails all the procedures that go hand in hand with the correspondence of science and art i.e skills required for managing are only applicable as science.
Is management an arta science or a proression?
Management as a practice is an art..and as a theory it is a science
Explain the response to laissez-faire economics during the nineteenth century?
Explain the response to laissez- faire eonomics during the nineteenth century
Eonomics on state of origin rugby league?
millions of people watch it
Is religion an art or science?
It is an art as it can not be a science.
Is politicl science is science or art?
Erm...more of an art.
i hate science i only love ART?
love youuu ART
Behavioral science is regarded both as an art and science explain?
i think its both an art and a science
Is economics science or art?
It is a social science and also an art subject.
Is logic a science or an art?
It's a science for those who do not know that it is an art.
What is the meaning of science art?
things that pertain to science in art project
Is hermeneutics a science or an art?
Both scientific art and artistic science.
Commerce is both an art and a science?
commerce is science as well an art
Why can you say surveying is an art and science?
why you say surveying is an art and science
Is fashion an art or science?
art
