(Pseudo-)Science Blog

Web log for PH 170: Philosophy of Science and Pseudoscience – – – – – – – – – – – Professor Peter Bokulich

Jul

12

Is economics a science?

By Peter Bokulich

“But if economics is really a science – which implies only one answer to a particular question — why do 40 percent of surveyed economists agree that raising the minimum wage would make it harder for people to get jobs while 40 percent disagree? It’s because as Larry Lindsey, former head of President Bush’s National Economic Council, admitted, “the continuing argument [among economists] is a product of philosophical disagreements about human nature and the role of government and cannot be fully resolved by economists no matter how sound their data.””

http://www.salon.com/2013/07/08/how_%E2%80%9Cecon_101%E2%80%9D_is_killing_america/singleton/

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