Whether economics is a science or a subject of the humanities

Whether economics is a science or a subject of the humanities

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Whether economics is a science or a subject of the humanities; and whether it is  positive or a prescriptive science is a frequently debated issue. All material sciences  such as physics, chemistry, biology,  mathematics  are pure, abstract and positive  sciences. But social sciences like economics, politics, philosophy, history, etc., attempt  to analyze human behavior, actions, motives and desires. Human behavior is quite  unpredictable. Therefore the degree of positivity and accuracy is expected to be lower in  social sciences. Yet the science of economics enjoys the benefit of quantification.  Commodities such as machines,  tools , land, fruit, clothing, etc. as well as services such  as those of  teachers , doctors, technicians, etc. which create utility, want and satisfaction  are quantifiable. Hence economics has a slight edge over other social sciences. 
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

Page1 / 2

Whether economics is a science or a subject of the humanities

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online