Economics as a Science or an Art?

Science refers to a systematic study of certain behavior. to analyze that behavior scientists first collect data or facts, then systematically analyze and test to understand the behavior or pattern of that data set. finally scientists on the basis of the tested results formulate theories, principles or laws.
If we analyze economics on the above Definition of science then we will find that it is not always true in economics but the thinking of economics always works in the above scientific pattern but outcome or results are not same for each experiment as in natural science. Now the scientific study has been categorized in two branches on the above defined logic
a)Social Science
b) natural science.
Economics is a study of social science, therefore it is in category of social science.
In social science there are two types 1: positive and 2: normative science.
Positive science means which is true and testable like laws are testable. MICRO ECONOMICS consist a large part of laws or positive statements, therefore economics is like positive science.
Normative science: opinions regarding the desirability of various actions are called normative statements. MACRO Economics and economic planning which are branches of economics are mostly normative because the answers may turn to be wrong or may be denied.
Hence we can take economics as a science.
Now economics as an art:
Art is concerned with the application of a scientific theory. for example according to the robins definition, individuals have to choose the best possible alternative that depends on the past experience of the individuals so when we apply a scientific theory then some partial problems may arise, and to tackle them by the learned skills is an art.
Economics is such kind of a subject that has both tests at the same time, a science and an art.
What Are the Social Sciences?
- The social sciences play a critical role in a traditional liberal arts education.
- Social science entails the study of human behavior and society at a variety of levels.
- Popular social science majors include psychology, political science, and economics.
- A social science degree can lead to many types of jobs in business, science, and law.
The social sciences are a core part of a liberal arts education. Concerned with the human world and society, this field investigates the economy, human behavior, social institutions, and politics.
In college, social science majors build strong analytical and problem-solving skills, which can be leveraged on the job market for an array of industries and jobs.
Fiona Williams
Journal Coordinator | Global Journal of Art and Social Science Education
EMAIL : gjasse@scholarsres.com, gjasse@scholarlynote.com