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Because no one understands it.

(they can describe what happened, but no one can tell you what will happen next.)

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Q: Why do many people consider economics to be a dismal science?
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Related questions

Economics is a science that does not consider the essential needs of human beings?

For Nova Net this is FALSE! Economics is a science created for measuring the amount people will give for things they need compared to what they want.~Nova Net Master of Ninjutsu~


What can the science of economics not help judge?

How people will act.


Why economic is an science?

Economics is considered an empirical science because it is a science based on observations of experiences.It has to do with people. People change. So that makes economics an empirical study. It's not like maths (1+1= 2 principle doesn't make sense in economics).


Why is economic an empirical science?

Economics is considered an empirical science because it is a science based on observations of experiences.It has to do with people. People change. So that makes economics an empirical study. It's not like maths (1+1= 2 principle doesn't make sense in economics).


Why is economics considered social science?

Economics is a social science because it is the study of human behavior when it comes to money and how it is made and spent. Economics play a large part of all humans personal and professional lives. The gross domestic product is licked to both social science and economics. Unlike natural science, social science is used to understand society. Economics is a large part of society and how people behave.


Does the study of environmental science must involve discussion of human culture and people's opinions on politics and economics?

Yes, the study of environmental science often involves discussing human culture, politics, and economics because these factors greatly influence environmental issues and solutions. Understanding how people's beliefs and decisions impact the environment is essential for creating effective and sustainable solutions to environmental problems.


How is economics as a social science relevant to the society?

Economics will tell you what kind of industries make money for the people of an area and the area as a whole.


Why is economics classified as social science?

Economics is classified as a social science because it aims, through observations and models, to explain how people manage and utilize scarce resources to accomplish something, and the three main questions that economics answers are how to produce, what to produce, and for whom.


Is engineering science and economics for people who are excellent at math but terrible at writing or people with dyslexia or dysgraphia?

Don't see why not.


Is economics a social science or science?

Definitely a social science. Economics studies the relations between people and money, and how one effects the other. As compared to "science" which focuses on the natural world and its laws, this social science has the human element and can change over time and across societies.


Why is intuition not a rocket science?

because intuition has nothing to do with rocket science although people do consider it a type of rocket science


Other science related to economics?

Economics is a collection of thoughts and principles that are derived from other sciences. Economics, sociology and politics are interrelated as these sciences make an impact on the lives of people and their society.