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How Should An Economist View The Society?
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How can the distinction between philosophers and scientists be made? In the article, “A Challenge to Scientific Economics”, Louis Uchitelle focuses on the question of how an economist should view the world. Should the economists be satisfied with the approximations of the real world or should the ....
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.... that positive statements, scientifically verifiable details, can objectively give measurements without the normative statements, which reflect values and judgements. Uchitelle presents both sides arguments in such an order that the chronology suggests the strong support to the early economists. Although the fair representation helps to understand both sides clearly, the author mostly focuses on the early philosophers’ theories. For instance, he first starts with one of Paul Romer’ s experience .... |
| Number of words: 517 |
Approximate pages: 2 |
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