Economics as science, and is science “art”?

Is economics a science?  How does it differ from religion? In a lecture, I tried to answer these questions.

A more general question is: Is science art?

I answer in the affirmative because science requires not just theorizing and empirical testing but also choosing from alternative theories.  The choice, usually based on Occam’s Razor, is art.  This is not new.  Supposedly, it harks back to Nietzsche and was well elucidated by Popper with the concept of “falsifiability” as being inherent in science.  What this means is that you can’t falsify without having a priori a choice of which theories to attempt to falsify.  That a priori choice is, obviously, neither predetermined nor itself “falsifiable,” if only because the universe of possible theories is an unlimited set (and such a set would by definition not be fully knowable).

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s