Economics Question 2 of 25

Comments

1. BobZiller says:

   9/14/2005 at 1:57 pm

   In the know is really in the know. I like his explanations, but his #2 question is not quite phrased correctly. Economic science is an oxymoron. Ever notice how professors in politics and sociology and yes economics like to tack on the word science to their discipline thereby implying the rigor of their research is similar to science? I’m not buying it. Any research on a new scientific theorey can be duplicated by a peer group.

   Not so in economics and politics where most research is done via statistics with its numerous flaws and holes. Most of this statistical research boils down to measuring everything that can be measured; ignoring everything that can’t be measured and finally determining that what can’t be measured isn’t really important. Finally draw your conclusions from the remaining data. Try that with physics,mathematics, chemistry, and language and see where it gets you.

   Oh, sorry, physics science, mathematics science, chemistry science, and language science.
2. admin says:

   9/14/2005 at 2:55 pm

   Great insight there bobz. What economists need to do is to analyze what human action is. They need to point out that each human action contains relationships between realized and non-realized aspects of this very action. Human behavior and mental activities can then be explained by reference to these relationships inherent in human action. Economics is a realized phenomenon, not what will be.

   That’s why I choose ‘A’ once agian.
3. In the Know says:

   9/14/2005 at 3:24 pm

   Well done admin and bobz! A is the correct answer.

   B. Is the Chicago answer.

   c. This is a historical school answer.

   D. Definitly a socialist answer.

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