Is (business) economics a science? / Aus der Reihe: e-fellows.net stipendiaten-wissen Bd.Band 220 (ePub)
(Sprache: Englisch)
Essay from the year 2008 in the subject Business economics - General, Maastricht University, course: Philosophy of Science, language: English, abstract: One of many economic theories claims, that any kind of government intervention in competitive
markets...
markets...
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Essay from the year 2008 in the subject Business economics - General, Maastricht University, course: Philosophy of Science, language: English, abstract: One of many economic theories claims, that any kind of government intervention in competitive
markets prevents the market from reaching its equilibrium and thus causes a smaller economic
surplus and an inefficient market (McDowell et al., 2006). But is it really true? Do
politicians consider this assumption when making decisions? Actually, they often do not. The
point is, that nobody really knows the "truth" about economic theories, because economists
often disagree in their theories and predict different outcomes, as Klamer (2008) describes.
This fact leads many people to claim that (business) economics is not a real science. This paper
will debate this statement and find an answer to the problem if economics is a science or
not.
markets prevents the market from reaching its equilibrium and thus causes a smaller economic
surplus and an inefficient market (McDowell et al., 2006). But is it really true? Do
politicians consider this assumption when making decisions? Actually, they often do not. The
point is, that nobody really knows the "truth" about economic theories, because economists
often disagree in their theories and predict different outcomes, as Klamer (2008) describes.
This fact leads many people to claim that (business) economics is not a real science. This paper
will debate this statement and find an answer to the problem if economics is a science or
not.
Bibliographische Angaben
- Autor: Christoph Butz
- 2011, 1. Auflage, 6 Seiten, Englisch
- Verlag: GRIN Verlag
- ISBN-10: 3656005788
- ISBN-13: 9783656005780
- Erscheinungsdatum: 13.09.2011
Abhängig von Bildschirmgröße und eingestellter Schriftgröße kann die Seitenzahl auf Ihrem Lesegerät variieren.
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Englisch
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