Economics is not rocket science?!

beaker-money-science-hp

Joris Luyendijk has written an interesting article about how we view economics as a discipline. He asserts that by awarding a nobel prize to an eminent economist we imply that economics operates in the same manner as a more exact science.

The problem is not so much that there is a Nobel prize in economics, but that there are no equivalent prizes in psychology, sociology, anthropology. Economics, this seems to say, is not a social science but an exact one, like physics or chemistry – a distinction that not only encourages hubris among economists but also changes the way we think about the economy.”

Read the full article here

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